- Radiant Systems
Founded in
1985 , Radiant Systems provides storetechnology for thehospitality ,petroleum andconvenience store , andmovie theater industries. Headquartered inAlpharetta , Georgia, Radiant's services are used on 50,000 sites worldwide.Radiant Systems trades on the
NASDAQ with the symbol RADS. [ [http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=RADS%60&selected=RADS%60 Summary Quote ] ] They were listed as number 75 in Fortunes "100 Fastest Growing Companies of 2007". [ [http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2007/snapshots/75.html 100 Fastest-Growing Companies 2007 - Radiant Systems | Fortune Magazine ] ] INC. Magazine lists Radiant as one of the fastest growing companies in America. [ [http://www.radiantinfo.com/US/mediakit.htm ::Radiants:: ] ]Company history [ [http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f02%2f27%2f0001193125-07-039987.html#FIS_BUSINESS RADIANT SYSTEMS INC (Form: 10-K, Received: 02/27/2007 06:16:15) ] ]
Radiant focuses on delivering site management systems, including
point of sale (POS), self-service kiosk and back-office systems, site management technology, customer loyalty programs, electronic gift card management, comprehensive reporting and systems management, and centralized data management designed specifically for the Company’s two reportable segments:Hospitality , andRetail .Prior to 2006, the company operated in three primary segments: Hospitality;
Petroleum and Convenience Retail; andEntertainment . InJanuary 1 ,2006 , the company made the decision to condense its business into two reportable segments. These changes were made in order to increase management's accountability for revenue growth and operating performance. Radiant's site management solutions includesoftware products, site hardware, professional services and support services.Radiant offers solutions designed for ease of integration with operators' existing
infrastructures . Radiant's site management technology enables hospitality and retail operators to improvecustomer service while reducing costs. Additionally, Radiant focuses on addressing the requirements of the highly specialized environments in which its customers operate.Acquisitions [http://media.corporate-ir.net/media_files/irol/11/115271/RADS_2007_Annual_Report.pdf | From Radiant's 2007 Annuanl Report]
In May
1997 , Radiant completed the joint acquistion of ReMACS, Inc., based in Pleasanton, CA, and Twenty/20 Visual Systems, based in Dallas, TX. These were strategic acquisitions that formed the core of Radiant Hospitality Systems to assist with Radiant's entry into the Hospitality sector with the realization of 8000 installed sites.In October
1997 , Radiant completed the acquisition of RapidFire Software, based in Hillsboro, Oregon, to expand their position in the Hospitality POS market.In November
1997 , Radiant completed the acquisition of Logic Shop, Inc. based in Atlanta, GA. Logic Shop is a leading provider of management software to the convenient automotive service center market.In March
2000 , Microsoft made an equity investment in Radiant Systems to assist with the development and marketing of an integrated Web-enabled management system and supply chain solution to enable retailers to conduct business-to-business e-commerce over the Internet (BlueCube).In January
2004 , Radiant completed the split-off of its enterprise software business, now known as BlueCube Software, to Erez Goren, the Company’s former Co-Chairman of the Board and Co-Chief Executive Officer. Radiant retained the right to sell and market the Enterprise Productivity Suite, including functionality such as workforce and supply chain management, through a reseller agreement with BlueCube Software. The disposition of the Enterprise segment has allowed the Company to focus its efforts on better serving its core markets and increasing its market penetration.Also in
2004 , Radiant completed the acquisitions of Aloha Technologies, a leading provider ofpoint of sale systems for thehospitality industry, and E-Needs, the leading provider of Film Management software and services in the North American exhibition industry. These were strategic acquisitions to assist in developing Radiant's Hospitality segment.In October
2005 , Radiant acquired MenuLink Computer Solutions, Inc., one of the largest independent suppliers of back-office software for the hospitality industry. The acquisition of MenuLink enables Radiant to deliver a tightly integrated solution linking Radiant hardware devices and Aloha POS applications to the open architecture and feature set of MenuLink's back-office software. The company reports the operations of the MenuLink business under the Hospitality segment.In January
2006 , Radiant extended its reach into the retail industry by acquiring substantially all of the assets of Synchronics, Inc., a leading provider of business management andpoint of sale software for the retail market. The Company reports the operations of the Synchronics business under the Retail segment.In Decemeber
2007 , Radiant announced it had entered into a definitive purchase agreement to acquire Quest Retail Technology, a global leader ofpoint of sale (POS) and back office solutions to stadiums, arenas, convention centers, race courses, theme parks, restaurants, bars and clubs. The company reports the operations of the Quest Retail Technology business under the Sports and Entertainment segment. [cite press release
title = Radiant Systems to Acquire Quest Retail Technology, Expand Presence in Stadium, Parks and Arena Marketplace
publisher = Radiant Systems
url = http://www.radiantsystems.com/news/press-releases/2007/121107.htm
accessdate =2008-06-15 ]In April
2008 , Radiant acquired EPos Systems [cite press release
title = Radiant Systems to Acquire Hospitality EPoS Systems
publisher = Radiant Systems
url = http://www.radiantsystems.com/news/press-releases/2008/040808.htm
accessdate =2008-06-15 ] , a leading technology supplier to the U.K. hospitality market and Jadeon, Inc. [cite press release
title = Radiant Systems Acquires Jadeon, Inc.
publisher = Radiant Systems
url = http://www.radiantsystems.com/news/press-releases/2008/050208.htm
accessdate =2008-06-15 ] , a Radiant reseller. The company reports the operations of the EPos Systems and Jadeon business under the Hospitality segment.In July
2008 , Radiant strengthened its European presence through the acquisition of Orderman GmbH, which develops wireless handheldpoint of sale (POS) devices. [cite press release
title = Radiant Systems Strengthens European Presence through Acquisition of Orderman GmbH
publisher = Radiant Systems
url = http://www.radiantsystems.com/news/press-releases/2008/070708.htm
accessdate =2008-07-14 ]Customers [http://media.corporate-ir.net/media_files/irol/11/115271/RADS_2007_Annual_Report.pdf | From Radiant's 2007 Annuanl Report]
7-Eleven Australia ,
Biltmore Estate ,BP ,Burger King Corporation ,Carvel ,Chick-fil-A ,Choice Hotels ,Culver's ,Dolphin Stadium ,Elvis Presley Enterprises ,Exxon Mobil Corporation ,Fedex Field ,Hershey Park ,Hess ,The Home Depot ,Johnny Rockets ,Muvico Theaters ,Neiman Marcus ,Oscar De La Renta ,Pro Football Hall of Fame ,Staples Center ,Universal Studios ,Yankee Stadium ,Rock Bottom Restaurants ,Old Chicago Restaurants .Radiant resellers by region
*California
** [http://www.ds3inc/ Decision Support Software Solutions, Inc.]
** [http://www.jadeon.com/ Jadeon]*Connecticut
** [http://www.alohapos4me.com/ Retail Automation Products]*Florida
** [http://www.cdp-systems.com/ CDP Systems]
** [http://www.eastcoastpos.com/ East Coast POS]*Minnesota
** [http://www.lparetail.com/ LPA Retail]*New York
** [http://www.alohapos4me.com/ Retail Automation Products]*Nationwide
** [http://www.retailcontrolsystems.com/ Retail Control Systems, Inc.]*Middle East, North Africa and South East Europe
** [http://www.PS-ME.com/ Professional Solutions]External links
* [http://www.radiantsystems.com Radiant Systems]
References
Wikimedia Foundation. 2010.
