Productivity technologies providerRedPrairie Holding Inc., Milwaukee, Wis., said it agreed to be acquired byNew Mountain Capital LLC, a New York, N.Y., equity investment firm. Terms of the deal were not disclosed.
"Our objective is to be the leading provider of productivity solutions for manufacturers, distributors and retailers," said 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."
RedPrairie specializes in productivity technologies and systems for workforce, inventory and transportation applications.