RedPrairie Corp. (Milwaukee) announced an agreement to acquire MARC Global Holdings, Inc. (Atlanta). The combined companies, operating under the name RedPrairie Corp., will unify and support all products and services from both organizations. 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.
“This alliance unites two forward-thinking companies that have led the supply-chain industry by focusing on customer results,” said Jazwiec. “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.”
The integration of the two companies will begin in early February. The combined company is expected to generate $172 million in revenue in 2006, and employ 738 employees across 21 global sites.
“The combination of RedPrairie and MARC provides both companies strategic opportunities to grow and build scale,” said Steve Banker, service director of supply chain management at ARC Advisory Group (Dedham, Mass.) “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.”
