B.O.S. Better Online Solutions
Encyclopedia
B.O.S. Better Online Solutions is a publicly traded company, headquartered in Israel
, that provides RFID and supply chain
solutions. Its shares are traded on the NASDAQ Capital Market
.
object identification method. In an interview with The Wall Street Transcript
in 2008, president Shmuel Koren commented that the use of RFID is expected to expand rapidly as the cost of RFID tagging declines, regulatory institutions increasingly approve RFID technology, and companies recognize the potential of RFID to increase efficiency.
B.O.S. clients have included Unilever
, Otto
, IKEA
, and Israel's Ministry of Agriculture. In 2011 B.O.S. was awarded Frost & Sullivan's Entrepreneurial Company of the Year award.
providing TCP/IP compatibility with older twinax devices without the use of SNA, to Phoenix
-based 10ZiG Technology. In 2010 B.O.S. closed its two U.S. supply chain subsidiaries (formerly Summit Radio Corp.) due to turbulence in the executive jet market.
In 1996 B.O.S. began trading on what was then the Nasdaq SmallCap Market (today the Nasdaq Capital Market), and in 2000 the company's shares were upgraded to the Nasdaq National Market. Between 2002 and 2009 B.O.S. shares were listed on the Tel Aviv Stock Exchange
. In 2009 B.O.S.'s shares were transferred to the Nasdaq Capital Market.
In 2004 Adiv Baruch replaced founder Israel Gal as CEO of the company. In 2006, Baruch was replaced by Shmuel Koren. Koren resigned in 2008 and was succeeded by Shalom Daskal. Daskal left the company in 2009, his place taken by Yuval Viner. Viner has been CEO of the company since 2009.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
, that provides RFID and supply chain
Supply chain
A supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a finished product that is delivered to...
solutions. Its shares are traded on the NASDAQ Capital Market
NASDAQ Capital Market
Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005.The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies that do not qualify for inclusion in the Nasdaq National Market....
.
Company
B.O.S. Better Online Solutions specializes in RFID solutions as a more efficient alternative to the traditional barcodeBarcode
A barcode is an optical machine-readable representation of data, which shows data about the object to which it attaches. Originally barcodes represented data by varying the widths and spacings of parallel lines, and may be referred to as linear or 1 dimensional . Later they evolved into rectangles,...
object identification method. In an interview with The Wall Street Transcript
The Wall Street Transcript
The Wall Street Transcript is a paid subscription publication and Web site that publishes bi-weekly industry reports that feature equity analyst, money manager and CEO interviews...
in 2008, president Shmuel Koren commented that the use of RFID is expected to expand rapidly as the cost of RFID tagging declines, regulatory institutions increasingly approve RFID technology, and companies recognize the potential of RFID to increase efficiency.
B.O.S. clients have included Unilever
Unilever
Unilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products....
, Otto
Otto Group
The Otto Group is a developer, manufacturer and supplier of waste-handling equipment with subsidiaries in more than 40 countries and factories on all continents. Founded in 1934, the group sprung from industrial origins...
, IKEA
IKEA
IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds and desks, appliances and home accessories. The company is the world's largest furniture retailer...
, and Israel's Ministry of Agriculture. In 2011 B.O.S. was awarded Frost & Sullivan's Entrepreneurial Company of the Year award.
Subsidiaries
- Dimex Systems – automatic data collectionData collectionData collection is a term used to describe a process of preparing and collecting data, for example, as part of a process improvement or similar project. The purpose of data collection is to obtain information to keep on record, to make decisions about important issues, to pass information on to...
solutions provider
- Odem Electronic Technologies – electronic componentElectronic componentAn electronic component is a basic electronic element and may be available in a discrete form having two or more electrical terminals . These are intended to be connected together, usually by soldering to a printed circuit board, in order to create an electronic circuit with a particular function...
s supplier. Its clients have included Israel Aircraft IndustriesIsrael Aircraft IndustriesIsrael Aerospace Industries or IAI is Israel's prime aerospace and aviation manufacturer, producing aerial systems for both military and civilian usage. It has 16,000 employees as of 2007...
and Hollandia International.
Products
- BOS ID – software platform for inventory management
- BOSwine – RFID tagging system for monitoring the health and productivity of sows and piglets
- BOSWaste – RFID waste management system for tracking waste collection and controlling waste-management subcontractors
History
B.O.S. Better Online Solutions was founded in 1990 by Israel (Izzy) Gal as a spinoff of Intelligent Information Systems, an Israeli company where Gal worked as a product manager that built customized terminal solutions for domestic AS/400 customers. In its early years B.O.S. specialized in twinax terminal emulation software. In 2009 B.O.S. sold the rights to its e-Twinax Controller, a controllerController (computing)
In computing and especially in computer hardware, controller is a chip, an expansion card, or a stand-alone device that interfaces with a peripheral device...
providing TCP/IP compatibility with older twinax devices without the use of SNA, to Phoenix
Phoenix, Arizona
Phoenix is the capital, and largest city, of the U.S. state of Arizona, as well as the sixth most populated city in the United States. Phoenix is home to 1,445,632 people according to the official 2010 U.S. Census Bureau data...
-based 10ZiG Technology. In 2010 B.O.S. closed its two U.S. supply chain subsidiaries (formerly Summit Radio Corp.) due to turbulence in the executive jet market.
In 1996 B.O.S. began trading on what was then the Nasdaq SmallCap Market (today the Nasdaq Capital Market), and in 2000 the company's shares were upgraded to the Nasdaq National Market. Between 2002 and 2009 B.O.S. shares were listed on the Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange in Tel Aviv is Israel's only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Israeli economy....
. In 2009 B.O.S.'s shares were transferred to the Nasdaq Capital Market.
In 2004 Adiv Baruch replaced founder Israel Gal as CEO of the company. In 2006, Baruch was replaced by Shmuel Koren. Koren resigned in 2008 and was succeeded by Shalom Daskal. Daskal left the company in 2009, his place taken by Yuval Viner. Viner has been CEO of the company since 2009.
Acquisitions
| Company | Year | Price | Reference |
|---|---|---|---|
| Pacific Information Systems | |
$12.4 million | |
| Odem Electronic Technologies 1992 Ltd. | |
$4.8 million | |
| Summit Radio Corp. | |
$5.5 million | |
| Dimex Systems Ltd. | |
$12.2 million | |
See also
- Supply chain optimizationSupply chain optimizationSupply chain optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs...
- Inventory management softwareInventory management softwareInventory management software is a computer-based system for tracking product levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to...
- Automatic identification and data capture
- List of Israeli companies quoted on the Nasdaq