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RedPrairie Holding, Inc., a productivity solutions provider, announced today that it has entered into a definitive agreement to be acquired by a fund affiliated with New Mountain Capital, L.L.C., a leading private equity firm. This acquisition will enable RedPrairie to accelerate its already rapid growth rate while enhancing its commitment to customer success.

“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, managing director 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."

Says David R. Golob, Chairman of the RedPrairie Board of Directors and Partner at Francisco Partners, “RedPrairie has a strong vision, proven set of solutions and talented management team. I believe RedPrairie and New Mountain Capital will be a great combination.  I wish them continued success.”

Read the full story at: redprairie.com

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