RedPrairie Corporation, a leader in supply chain technology solutions that enable business process transformation, announced it has entered into a definitive agreement to be acquired by Francisco Partners, a technology-focused private equity fund. The acquisition will enable RedPrairie to accelerate its already rapid growth rate while enhancing its strong focus on customer results.
RedPrairie Company Leader John Jazwiec states, "The combination of our technology investments, acquisitions and rapid growth has significantly increased shareholder value and has brought us to an inflection point in our development that requires enhanced funding options. This acquisition will expand our opportunities to better leverage RedPrairie's leadership position for accelerated growth, both organically and through further acquisitions."
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