March 1, 2006

On your MARC, get set, buy!

By DC Velocity Staff

Flush with venture capital, RedPrairie Corp. has gone on a buying spree. In late January, it purchased warehouse software specialist MARC Global. The combined company is expected to generate $172 million in revenue and $39 million EBITDA (earnings before interest, taxes, depreciation and amortization) in 2006. The purchase price was not disclosed, but MARC was believed to have had revenues of about $25 million in 2005.

The deal follows two other recent, but smaller, acquisitions by RedPrairie. Early this year, it acquired Alta A/S, a Danish company that provides manufacturing event management solutions for large automotive suppliers. The Alta A/S acquisition strengthens RedPrairie's presence in the automotive market. In October, RedPrairie acquired RangeGate, a UK- based supplier of mobility and tracking solutions that help grocers and other perishable-goods retailers manage home deliveries.

RedPrairie appears to be on track for world domination. Though MARC Global is based in Atlanta, it has offices in Europe, China and Australia, giving RedPrairie a major presence in each of those markets. As consulting firm Aberdeen Group wrote in a research brief, "The MARC Global acquisition fits neatly into [RedPrairie's] strategy for serving Tier 1 companies as well as mid-market enterprises across the world."

Material Handling Videos

Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Subscribe to DC Velocity

Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : on your MARC, get set, buy!">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.