Productivity software solutions provider RedPrairie Holding has been acquired by New Mountain Partners III, a private equity fund sponsored by New Mountain Capital.
Financial details of the deal were not disclosed.
RedPrairie offers supply chain management, workforce management and in-store productivity solutions.
Following its acquisition by New Mountain the company expects to be able to provide more value to its customers and enter new markets, chief executive Mike Mayoras said.
The senior management team of RedPrairie will remain in place.
