Advertisement

JDA And RedPrairie Announce Merger Agreement

JDA and RedPrairie have announced a merger agreement which will create one of the largest global software companies with combined revenues of more than $1 billion, according to a press release. The transaction’s total enterprise value is estimated at $1.9 billion.

The combined company will be aligned to offer solutions and services to manage global supply chains through any channel. JDA brings assets in supply chain planning, merchandising and pricing solutions; and RedPrairie provides warehousing, workforce management, store operations and e-Commerce.

Hamish Brewer, current President and CEO of JDA, will become CEO of the combined company; and Michael Mayoras, CEO of RedPrairie, will remain on the Board of Directors.

Advertisement

The transaction will be funded from by Credit Suisse. In addition to contributing the current equity capital of RedPrairie, New Mountain Capital also will add new cash equity to fund the transaction. The transaction is expected to close by the end of 2012.

“This transaction generates tremendous value for JDA shareholders, offering them a meaningful premium for their shares,” said Hamish Brewer, President and CEO of JDA. “This is a strong combination of two leading companies with highly complementary product suites. It will give businesses the power to better manage global commerce through a new world of capabilities. The combined company will have a unique ability to address our customers’ increasingly complex needs with a full spectrum of solutions for planning and execution across the entire value chain.”

RedPrairie CEO, Michael Mayoras added: “This merger establishes a company perfectly suited to meet the evolving demands of the ‘always-on’ mobile consumer. Both companies have historically demonstrated their leadership in supply chain innovation. I look forward to committing myself to the success of this combined company because I believe it will provide extraordinary customer value.”

Featured Event

Join the retail community as we come together for three days of strategic sessions, meaningful off-site networking events and interactive learning experiences.

Advertisement

Advertisement

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: