RedPrairie Corporation , the world’s fastest growing supply chain company, and Cedar Holdings, LLC have signed a definitive agreement, whereby RedPrairie will acquire BlueCube Software. The combined companies, operating under the name RedPrairie Corporation, will unify and support all products and services from both organizations within RedPrairie’s revolutionary end-to-end E2eTM suite, offering an expanded customer base access to more abundant and rich solution capabilities, deeper retail-specific functionality and wider geographic support. BlueCube Software President Kim Eaton will continue to serve in the Retail / Store Operations business leadership position out of Atlanta, under the direction of RedPrairie Company Leader John Jazwiec.
The acquisition provides a cornerstone for RedPrairie’s revolutionary E2e consumer-driven strategy that will drive value to every participant in the supply chain process by uniquely connecting store operations with manufacturing, workforce performance and distribution.
Says Jazwiec, “Whereas traditional supply chain forecasting drives decisions from manufacturers to the store shelf, RedPrairie, through its acquisition of BlueCube Software, is embracing and enabling a more efficient, forward-thinking, consumer-driven supply chain. By extending shelf level visibility and control downstream to manufacturing, we are creating a model in which a consumer purchase acts as the trigger for replenishment. This enables retailers to transfer inventory management responsibility to suppliers to effectively reduce inventory carrying costs and cycle times.”
Eaton comments, “RedPrairie will provide BlueCube Software customers new opportunities to drive revenue through a comprehensive suite of supply chain solutions. Through this acquisition, we will be able to help customers reach further into the supply chain to connect store operations with suppliers, resulting in even greater operational control, visibility and efficiencies.”
In addition, the combination of RedPrairie’s superior E2e Workforce Performance and Supply Chain Management solutions with BlueCube Software’s exceptional Workforce Forecasting and Scheduling capabilities creates the broadest workforce offering in the industry and offers a unique, complementary mix of scheduling, measurement and accountability across many vertical sectors. BlueCube Software’s workforce scheduling application creates the most efficient and lowest cost schedules based on criteria including: labor supply, skill and rank; pay rates; labor laws; preferred shifts; union rules; and many other factors. When coupled with RedPrairie’s advanced Workforce Performance Management solution, the scheduling application will be able to factor in known employee productivity levels to drive unprecedented savings and efficiencies.
BlueCube Software serves 120 of the world’s leading, grocery, retail and food service operators and has implemented its solutions at more than 25,000 sites worldwide. This acquisition will close in the next 20-30 days. The combined company is expected to generate $207.5 million in revenue and $45.6 million EBITDA, and employ 950 employees across 21 global sites.
For additional information, call 1.877.733.7724, or access www.RedPrairie.com.