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RedPrairie Corporation, a leading consumer-driven optimisation company, announced 2008 revenues of nearly $300 million, revenue growth of over 15 percent, software licence bookings growth of over 16 per cent, 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 companys 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 worlds 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 per cent revenue contribution from RedPrairies EMEA and Asia Pacific markets
Over 100 go-live implementations including Blick Art Materials, Bobs Discount Furniture, Davies Turner, Fosters, Gaylord Entertainment, La Poste, Logiwiz, Merchants 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 RedPrairies Ee 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 worlds largest companies.