RedPrairie Momentum Continues Throughout 2008

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MILWAUKEE-(Business Wire)-February 10, 2009 - RedPrairie Corporation, a leading consumer-driven optimization company, announced 2008 revenues of nearly $300 million, revenue growth of over 15 percent, software license bookings growth of over 16 percent, and consistent solid profitability as compared to a record setting 2007. Additionally, the Company added over 75 new customers and helped nearly 200 existing customers expand their portfolio of solutions.

Mike Mayoras, the company’s president and CEO said, “RedPrairie sells software solutions that increase the productivity and efficiency of our customers’ operations. These solutions have the ability to be deployed in modular components, creating flexibility and allowing accelerated return on investment. In these challenging times, our solutions and methodology simply deliver more value, more quickly, than other IT initiatives.”

Mayoras added, "2008 closes the most successful year in the history of our company. By further increasing our revenues and profitability, we have created increased financial security to support our global clients. We are proud that our workforce, inventory, retail and transportation productivity solutions continue to be selected by some of the world’s largest companies and that we maintain the gold standard for providing a strong return on investment. We expect to continue to enhance our global market position, provide additional benefits to our existing customers and improve our financial results throughout 2009.”

In addition to revenue and earnings growth, other significant achievements during the year include:

  • New customers and expanding relationships with Army & Air Force Exchange Service (AAFES), Access Business Group, Belspeed, Boston Market, Carphone Warehouse, Duane Reade, Finish Line, Ingram Micro, Levin Furniture, Loblaw, Materialogic, Norway Post, Quantum Foods, Schnuck Markets, Sheetz, Teva UK, Total Logistic Control, xpedx, and others
  • Reaching the milestone of 30 percent revenue contribution from RedPrairie’s EMEA and Asia Pacific markets
  • Over 100 “go-live” implementations including Blick Art Materials, Bob’s Discount Furniture, Davies Turner, Foster’s, Gaylord Entertainment, La Poste, Logiwiz, Merchant’s Terminal, Orefield Cold Storage, Sephora, Sony of Canada, Stanley Tools, and others
  • Over 10 large contracts, each of which generated $1.0 million or more in software license revenue
  • Product launches of RedPrairie’s E²e™ Business Process Platform and Collaboration Portal
  • Additionally, significant new updates were made to the Warehouse Management (WMS), Workforce Management (WFM), Transportation Management (TMS), Retail Execution Management, Performance Management, and Site Operations solutions

RedPrairie is a privately-held company.

ABOUT REDPRAIRIE CORPORATION

RedPrairie is a world leading consumer driven optimization company. Built on an advanced Service Oriented Architecture (SOA) developed over the past 15 years, the RedPrairie integrated suite of solutions offers on-demand capabilities to over 40,000 sites worldwide for many of the world’s largest companies.

RedPrairie’s E2e™ solutions synchronize people and products throughout the customer buying cycle to ensure goods reach the right place at the right time. At the point of sale, this means consumers have access to desired products and that the store is staffed with the right people to help them make their purchases. In the production cycle, it means suppliers and manufacturers time and synchronize shipments and production based on demand signals from the retailer. And in the back room of the store, it means having the least amount of inventory, solving the “last yard” problem of the retail supply chain.

With 20 global service sites and standard service methods that have been validated over the last 30 years, RedPrairie provides unparalleled service and support. For additional information, call 1.877.733.7724, or access www.RedPrairie.com.

RedPrairie is a registered trademark of RedPrairie Corporation.

E2e is a trademark of RedPrairie Corporation.

© 2009 RedPrairie Corporation. All Rights Reserved.

Other product and service names mentioned herein are the trademarks of their respective owners.

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