RedPrairie Corp., a provider of web-based supply chain and enterprise management systems for retailers, has agreed to acquire StorePerform Technologies Inc. to expand its offerings in workforce management applications. Terms were not disclosed.
The deal follows RedPrairie’s acquisition earlier this year of BlueCube Software, a provider of workforce management software that now operates as RedPrairie’s Retail Productivity Solutions division. StorePerform, which specializes in web-based store-execution software, will operate as part of the Retail Productivity Solutions division.
“This is one of the more logical and beneficial retail software deals to have transpired in 2006,” says Rob Garf, retail industry retail director for AMR Research Inc. “RedPrairie will use StorePerform’s task management to complement the workforce management functionality acquired through its purchase of BlueCube.” By offering StorePerform and BlueCube together, RedPrairie will support the distribution and management of tasks assigned through a web interface to store personnel while also integrating with software that forecasts workforce demand based on expected sales, he adds.
“Together with RedPrairie we will create the world’s first and only end-to-end workforce optimization suite that will enable retailers to manage their labor costs with an extremely accurate, real-time view into in-store operations and workloads, while also maintaining compliance with the corporate merchandizing strategy required across the enterprise,” says Srikant Vasan, president of StorePerform, who will remain after the acquisition to lead the StorePerform group within the Retail Productivity Solutions division.