QAD Inc., a portfolio company purchased by private equity powerhouse Thoma Bravo in 2021 for $2 billion, has purchased Redzone, which makes productivity software for the manufacturing industry.

Santa Barbara-based QAD, which offers manufacturing and supply chain cloud-based services, did not disclose details of the transaction. However, according to Reuters, the deal is worth about $1 billion, which would make it QAD’s largest acquisition ever.

Founded in 2013, Miam, FL-based Redzone serves over 1,000 plants and 300,000 frontline workers globally looking to drive productivity by supplying teams with digital workflows and collaboration tools.

“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,” said Redzone co-founder and CEO Richard Tester.

This is the second acquisition completed by QAD in the last two months, having acquired Livejourney, a provider of real-time process mining and predictive modeling solutions to improve business processes, in December 2022.

Barclays served as financial advisor to Redzone, with Wilson Sonsini acting as legal counsel. Kirkland and Ellis LLP served as legal counsel to QAD and Thoma Bravo.