The Series B round for Witherspoon’s Draper James brand was led by San Francisco-based Forerunner Ventures.
RedPrairie, a provider of inventory, transportation and workforce management software, says new software-as-a-service versions of all its products helped drive first-half revenue to $130 million.
RedPrairie Corp., a provider of web-enabled software applications for inventory, transportation and workforce management used by retailers and other companies, says new software-as-a-service versions of all its products helped drive first-half 2009 revenue to $130 million.
The company, which is privately held and does not report extensive financial figures, also attributes its first-half performance to strong growth overseas; more than 60 distribution center projects for clients including retailers Sargento Foods and Shearer’s Foods and GSI Commerce Inc., a provider of e-commerce and fulfillment technology and services to more than 80 retail organizations.
“We consider our performance this year a solid one so far, given the economic and competitive conditions with which we are faced,” says RedPrairie CEO, Mike Mayoras. “It’s no secret that the global recession has affected many companies using inventory, transportation and workforce software. We continue to be committed to executing for our customers, and looking for opportunities to make the most critical areas of their businesses more productive and efficient.”
RedPrairie closed about 100 contracts and orders worldwide in the first half, including deals in Latin America, Eastern Europe, China and New Zealand, the company says.
The company also cites the announcement earlier this year of RedPrairie Collaborative Flowcasting application, which is designed to help retailers and their suppliers manage product demand at the item level in stores.