RedPrairie to Acquire StorePerform

Filed in archive merger and acquisition on December 28, 2006

And as one of the highlights of December 2006 look at this: RedPrairie Corporation and StorePerform Technologies, Inc. announced two weeks ago that they have signed a definitive agreement, whereby RedPrairie will acquire StorePerform Technologies, Inc, to become part of RedPrairie's Retail Productivity Solutions division (formerly BlueCube Software). With this acquisition, RedPrairie will be the only company today that can meet expanding market demand for highly integrated workforce management solutions, integrating store execution management solutions with optimized labor scheduling, time and attendance, learning management, and employee self service solutions. StorePerform President, Srikant Vasan
will continue to provide business leadership for the StorePerform group out of Denver, CO, and no headcount reductions are planned due to the acquisition.

"Extending into store execution management is a natural evolution for RedPrairie. Even companies with the best retail and supply chain operations in the world still need to improve the critical last 20 yards, between the backroom and the sales floor. Now with the addition of StorePerform, we are the only company that can enable retailers to fully integrate their supply chain with their in-store operations end-to-end," says Jazwiec.