RedPrairie Corporation and StorePerform Technologies, Inc. announced that they have signed a definitive agreement, whereby RedPrairie will acquire StorePerform Technologies, Inc, to become part of RedPrairie's Retail Productivity Solutions division (formerly BlueCube Software). With this acquisition, RedPrairie will be the only company today that can meet expanding market demand for highly integrated workforce management solutions, integrating store execution management solutions with optimized labor scheduling, time and attendance, learning management, and employee self service solutions. StorePerform President Srikant Vasan will continue to provide business leadership for the StorePerform group out of Denver, Colorado, and no headcount reductions are planned due to the acquisition.
RedPrairie CEO John Jazwiec says, "RedPrairie is the thought leader and leading solutions provider for Retail Productivity Solutions. Through this acquisition, we are providing customers an end-to-end approach to Workforce Optimization by marrying best-in-class BlueCube Workforce Management with StorePerform Store Execution Management solutions for a unified, end-to-end solution that optimizes the retail workforce. With StorePerform, the leader in store execution management, we can further enable retailers to ensure that the right product and the right people are in the right place at the right time."
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