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QAD To Purchase Redzone For $1 Billion

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QAD is a business software manufacturer sold into private by buyout company Thoma Bravo in 2021 for $2 billion.

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The company has agreed to purchase the productivity platform Redzone for $1 billion.

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Redzone was established in 2013 and provides business software solutions, primarily for manufacturing industries.

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The company's name refers to the "red zone," an American word for football "red zone," which is the final zone of the football field.

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Redzone is poised to reach an income that is $100 million, two companies stated.

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Established in 1979, QAD offers cloud-based resource and planning software for manufacturing firms.

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