New Mountain Capital Completes Acquisition of RedPrairie

RedPrairie Holding, Inc. announced that New Mountain Partners III, L.P., a private equity fund sponsored by New Mountain Capital, L.L.C. ("New Mountain"), has closed its acquisition of RedPrairie. Terms of the deal were not disclosed.

RedPrairie, founded in 1975, is a global provider of productivity software solutions that enable manufacturers, distributors and retailers to increase revenue, reduce costs and compete more effectively. The company offers comprehensive supply chain management, workforce management, and in-store productivity solutions in market leading end-to-end solutions. RedPrairie's "best-of-breed" solutions are consistently deployed in the most complex and demanding supply chain and retail environments and create substantial return on investment for its customers through improved management of labor, inventory flow and transportation.

The RedPrairie senior management team will remain in place. Mike Mayoras and Martin Hiscox will continue as members of the Board of Directors. Steven Klinsky (New Mountain's CEO), Alok Singh and Peter Masucci will join the Board from New Mountain. Nanci Caldwell (former PeopleSoft CMO), Lawrence Jackson (former Wal- Mart Global Procurement CEO and President), Tom Manley (former Avaya CFO and former Cognos CFO) and Janet Perna (former IBM Information Management General Manager) will also join the Board as independent directors.