RedPrairie to be Acquired by New Mountain Capital

  • Posted on 19 March 2010

RedPrairie has entered into an agreement to be acquired by a fund that is affiliated with New Mountain Capital.

“Our objective is to be the leading provider of productivity solutions for manufacturers, distributors and retailers,” says Mike Mayoras, RedPrairie CEO. “Our relationship with New Mountain Capital will allow us to reach our strategic goals quickly, efficiently and with certainty. We believe there are significant opportunities to provide more value to our customer base by expanding our product portfolio and entering new markets.”

Alok Singh, MD of New Mountain Capital, states, "We are delighted at the prospect of being able to add RedPrairie to our family of companies. They have consistently, over their long history, been committed to the success of their customers. We aim to work closely with RedPrairie's management team and help them accelerate their growth and strategic development, making them an even more valued partner to their customer base."

RedPrairie, www.RedPrairie.com