QAD to buy productivity platform Redzone for $1 bn

QAD, a business software maker was taken private by buyout firm Thoma Bravo in 2021 for $2 billion, it has agreed to acquire employee productivity platform Redzone for about $1 billion.
VC funding for techRedzone, which was founded in 2013, offers software solutions for the manufacturing industry. Redzone is on track to hit an annual revenue rate of $100 million, Reuters news report said.

Founded in 1979, QAD provides cloud-based planning and resources solutions software to manufacturing companies. The deal will help QAD expand its footprint across different sectors within the manufacturing industry.

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