Manufacturing software provider Redzone acquired for nearly $1B
Redzone, a Miami Beach-based provider of the leading connected workforce solution for the manufacturing sector, has been acquired for nearly $1 billion.
The acquiring company is QAD, a Santa Barbara, Calif.-based company providing cloud-based manufacturing solutions. QAD now has an end-to-end product line, serving everyone from suppliers to end customers.
Founded in 2013, Redzone offers enterprise software solutions primarily for the manufacturing industry. Redzone — the name inspired by the “red zone” of a football field — is on track to hit an annual revenue rate of $100 million, Reuters reported.
In a news announcement, co-founder and CEO Richard Tester said Redzone arms frontline teams with new technology to create a better employee experience and achieve company goals around productivity and throughput.
“Joining QAD will accelerate our mission of transforming manufacturing by empowering the frontline,” said Tester. “We have always put the frontline worker at the heart of our technology and know that arming these teams with the right digital workflows is the fastest way to unlock productivity on the plant floor.”
Over 1,000 plants and 300,000 frontline workers worldwide use Redzone’s solutions. Global manufacturers using the technology include Nestle, Post Holdings and Tyson.
“Redzone has been the leader in the food and beverage and CPG industry but more recently expanded into the automotive, life sciences and discrete manufacturing verticals with great success. With QAD’s expertise in these aligned verticals, combined with its large global customer base and footprint, Redzone will experience more growth further cementing our position as the category leader,” Tester said in the news announcement.
QAD, a business software maker that was taken private by buyout firm Thoma Bravo in 2021 for $2 billion, has customers in 84 countries.
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