RedPrairie buys another supply chain firm
Financial terms of the deal which was wrapped up last Friday have not been disclosed. The combined company will generate around $172m in revenue and employ over 730 people across 21 countries worldwide. Milwaukee-based RedPrairie says the acquisition of MARC Global's broad solutions suite of will help sharpen its focus on several verticals through deeper functionality in the area of complex supply chain execution and intelligence. MARC's focuses on optimizing the execution and management of distribution, transportation, and inventory practices between enterprise and their trading partners. The company's flagship MARC Suite includes several software modules covering warehouse management, RFID, inventory optimization, transportation management, labor and resource management, business process synchronization and supply chain analytics. MARC has a particularly strong presence in the automotive, CPG, high/tech electronics, pharmaceutical, publishing, retail sectors which RedPrairie also targets. MARC officials claims to have "hundreds" of customers in Europe, the US and Asia-Pacific and says the software is available in multiple languages as well. RedPairie plans to unify and support all products and services from both organizations. The company did not comment on any layoffs as a result of the merger. RedPrairie has been snapping up complementary supply chain technologies for the past three years. In January this year it bought Alta A/A, a Danish provider event management software to strengthen its offerings in the automotive sector. And in October 2005 it bought UK-based mobile solutions provider RangeGate Mobile Solutions Ltd to enhance the in-store and warehouse management capabilities of its retail customers. Prior to that it bought another UK-based firm Logistics & Information Systems (LIS) in April 2004 which develops supply chain execution software.