RedPrairie Corporation to Acquire MARC Global Forming Expanded, World-Wide, Customer-Focused Supply Chain Solutions Company.MILWAUKEE & ATLANTA -- RedPrairie Corporation: --Combining Industry's Leading Products and Services Gives Joint Customer Base Access to Greater Depth of Functionality Across Several Key Verticals, and to Unified, Extended Supply Chain Execution (eSCE(TM)) Suite RedPrairie Corporation and MARC Global Holdings, Inc. have jointly announced today that they have signed a definitive agreement, whereby RedPrairie will acquire MARC Global Holdings, Inc. The combined companies, operating under the name RedPrairie Corporation, will unify 1. (database, product) Unify - A relational database produced by Unify Corporation. 2. (algorithm) unify - To perform unification. and support all products and services from both organizations, offering its expanded customer base access to more abundant and rich solution capabilities, deeper functionality across key verticals and wider geographic support. Former MARC Chief Executive Officer Oliver Cooper will continue to serve in a leadership position within the combined organization, under the direction of RedPrairie Company Leader John Jazwiec. Says Jazwiec, "This alliance unites two forward-thinking companies that have led the supply chain industry by focusing on customer results. We have made the decision to join together, and will continue to drive our business, based on the best interests and business needs of the world-leading companies that make up our global customer base. Both companies offer similar technology with sophisticated integration capabilities and leverage the same technology platforms, allowing us to provide customers an enhanced, broader suite of solutions and seamless technology upgrades. Equally important, both organizations share a customer-focused culture, a dedication to excellence, and product solution innovation." Cooper says, "John and I have taken every measure to ensure a seamless transition for all of our customers. We are very excited by the synergies between our companies, and we are dedicated to helping our customers realize the substantial benefits this change will bring to their businesses. I greatly look forward to maintaining my leadership role and to continue fostering the valued, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. customer and partner relationships we have developed through the years." Jazwiec continues, "In addition to broader technology offerings, one of the greatest benefits this partnership provides customers is the extensive, collective experience of our people who will join forces to offer even greater levels of expertise and support." He adds, "The integration of RedPrairie and MARC will begin in early February. Our combined customer-focused culture creates an environment of dedicated service, strong work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work and loyalty that sets it apart in the software applications market. We greatly value the talented people from both MARC and RedPrairie, and we will continue to do all we can to help them continue to thrive in an environment of teamwork (product, software, tool) Teamwork - A SASD tool from Sterling Software, formerly CADRE Technologies, which supports the Shlaer/Mellor Object-Oriented method and the Yourdon-DeMarco, Hatley-Pirbhai, Constantine and Buhr notations. and success." Product & Industry Highlights Include: --Increased functionality across all verticals, leveraging a multitude of standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. Warehouse Management System product enhancements that have been developed for the world's leading companies --One-of-a-kind Expanded Supply Chain Execution (eSCE(TM)) technology that uniquely provides end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. resource optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. , from the start of the manufacturing process, through the entire distribution chain, including the presentation to the consumer --An innovative Business Intelligence analytics engine for all products, which provides customers immediate and interactive information on a real-time basis, enabling companies to better align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. and measure enterprise performance --Leading Workforce Performance, Transportation and Global Trade Management solutions --Expanded geographic coverage, especially in the burgeoning Asia Pacific region, to provide customers expanded worldwide services and support --Advanced "Build-to-Order" capabilities for the Automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. --Home delivery technology for Grocery and Perishable Goods PERISHABLE GOODS, Goods which are lessened in value and become worse by being kept. Vide Bona Peritura. Retailers --Strengthened capabilities for Retail, Retail Apparel and Logistics Service Providers --Complementary Duty Management solutions offering superior functionality for the United Kingdom and Europe --Broad RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. infrastructure and significant experience deploying RFID technology in manufacturing environments across both companies. This combined experience creates the greatest depth of RFID experience and knowledge available in the market --RFID Mobile Resource Management (MRM MRM Marketing Resource Management MRM Mobile Resource Management MRM Metabolic Response Modifiers MRM Multiple Reaction Monitoring (mass spectrometry) MRM Mormonism Research Ministry MRM Mechanically Recovered Meat ) solutions to track large, costly corporate assets --A strengthened global customer base of Tier-one and mid-tier customers Comments Steve Banker, Service Director of Supply Chain Management at ARC Advisory Group, "The combination of RedPrairie and MARC provides both companies strategic opportunities to grow and build scale. RedPrairie will leverage the MARC customer base to more deeply penetrate verticals such as Pharma and Apparel. MARC Global customers gain a financially secure parent. The combined company benefits by being able to offer its customer base additional products and the ability to better leverage R&D investments." The combined company is expected to generate $172 million in revenue, $39 million EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
About RedPrairie Corporation For over 30 years RedPrairie has enabled leading global companies to create competitive advantage through supply chain excellence. RedPrairie's comprehensive technology solutions provide rapid and sustainable return on investment by optimizing the performance of people, places and processes. RedPrairie's industry differentiator is its Extended Supply Chain Execution (eSCE(TM)) suite, which uniquely provides end-to-end resource optimization, from the start of the manufacturing process, through the entire distribution chain, including the presentation to the consumer. RedPrairie provides industry-tailored solutions for diverse markets, including consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , direct to consumer and traditional retail, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , high tech / electronics, third party logistics, industrial / wholesale, automotive and service parts, and pharmaceuticals. For additional information, call 1.877.733.7724, or access www.RedPrairie.com. RedPrairie, DigitaLogistix and DLx are registered trademarks of RedPrairie Corporation. (C) 2006 RedPrairie Corporation. All Rights Reserved. |
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