RedPrairie’s growth in revenues and earnings were the best in its history.
RedPrairie’s (http://www.redprairie.com) E2e integrated suite of solutions for retail synchronizes the entire buying cycle from manufacture through store shelf. Built on advanced Service Oriented Architecture, its on-demand capabilities are used at 40,000 sites worldwide.
Announced by Mike Mayoras, RedPrairie president, 2008 revenues for the company were nearly $300 million, which were 15% higher than 2007. “By further increasing our revenues and profitability,” he says, “We have created increased financial security to support our global clients. We are proud that our workforce, inventory, retail and transportation productivity solutions continue to be selected by some of the world’s largest companies and that we maintain the gold standard for providing a strong return on investment. We expect to continue to enhance our global market position, provide additional benefits to our existing customers and improve our financial results throughout 2009.”
In addition to financial boosts, RedPrairie added 75 new customers during 2008 and expanded utilization of its solutions to 200 existing customers. Some 30% of the company’s revenues have come from its Europe, Middle East and Africa operations, as well as from Asia Pacific markets.
Among its new customers and expanded relationships are the Army & Air Force Exchange Service, Boston Market, Finish Line, Ingram Micro, Levin Furniture, Loblaw, Norway Post, Total Logistic Control and xpedx.