Red Prairie acquired by New Mountain Capital

Waukesha, Wis. RedPrairie, a productivity solutions provider, has entered into a definitive agreement to be acquired by a fund affiliated with New Mountain Capital, a New York-based private equity firm.

"Our objective is to be the leading provider of productivity solutions for manufacturers, distributors and retailers," said Mike Mayoras, CEO, RedPrairie. "Our relationship with New Mountain Capital will allow us to reach our strategic goals quickly, efficiently and with certainty. We believe there are significant opportunities to provide more value to our customer base by expanding our product portfolio and entering new markets."