Radiant Systems
Encyclopedia
Radiant Systems is a provider of technology to the hospitality and retail industries that is based in Atlanta, Georgia
. Radiant has been publicly traded since 1997, and exceeded $300 million in revenue in 2008. Radiant employs over 1,300 worldwide. Radiant has offices in North America, Europe, Asia and Australia as well as reseller partners around the world.
In October 1997, Radiant completed the acquisition of RapidFire Software, based in Hillsboro, OR, to expand its 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 provider of management software to automotive service centers.
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 May 2001, Radiant bought Breeze Software, an Australian provider of point-of-sale and management systems solutions to retailers in the petroleum/convenience store industry.
In January 2004, Radiant sold 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.
Also in 2004, Radiant bought Aloha Technologies, a provider of point of sale systems for the hospitality industry, located in Dallas, TX, and E-Needs, the leading provider of Film Management software and services in the North American exhibition industry, based in Irvine, CA.
In October 2005, Radiant acquired MenuLink Computer Solutions, Inc., an independent suppliers of back-office software for the hospitality industry, located in Huntington Beach, CA.
In January 2006, Radiant acquired substantially all of the assets of Synchronics, Inc., a provider of business management and point of sale software for the retail market, located in Memphis, TN.
In December 2007, Radiant announced it had entered into an agreement to acquire Quest Retail Technology, a provider of point of sale (POS) and back office solutions to stadiums, arenas, convention centers, race courses, theme parks, restaurants, bars and clubs.
In April 2008, Radiant acquired Hospitality EPoS Systems, a technology supplier to the U.K. hospitality market since 1992.
In May 2008, Radiant also acquired Jadeon, Inc., one of Radiant’s resellers located in California. The company reports the operations of Hospitality EPoS Systems and Jadeon under the Hospitality segment.
In July 2008, Radiant acquired Orderman GmbH, which develops wireless handheld ordering and payment devices for the hospitality industry. Orderman is headquartered in Salzburg, Austria.
In July 2011, NCR Corporation
announced plans to acquire Radiant Systems for 1.2 Billion USD.
In August 2011, Radiant acquired Texas Digital Systems, Inc., a leader in order confirmation displays and digital signage solutions.
On August 22, 2011, Radiant announced the completion of the tender offer
by NCR Corporation
.
On August 24, 2011, NCR Corporation
completed the acquisition of Radiant Systems.
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
. Radiant has been publicly traded since 1997, and exceeded $300 million in revenue in 2008. Radiant employs over 1,300 worldwide. Radiant has offices in North America, Europe, Asia and Australia as well as reseller partners around the world.
Acquisitions
In May 1997, Radiant completed the joint acquisition of ReMACS, Inc., based in Pleasanton, CA, and Twenty/20 Visual Systems, based in Dallas, TX. At this time, these acquisitions formed the core of Radiant Hospitality Systems with 8,000 installed sites.In October 1997, Radiant completed the acquisition of RapidFire Software, based in Hillsboro, OR, to expand its 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 provider of management software to automotive service centers.
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 May 2001, Radiant bought Breeze Software, an Australian provider of point-of-sale and management systems solutions to retailers in the petroleum/convenience store industry.
In January 2004, Radiant sold 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.
Also in 2004, Radiant bought Aloha Technologies, a provider of point of sale systems for the hospitality industry, located in Dallas, TX, and E-Needs, the leading provider of Film Management software and services in the North American exhibition industry, based in Irvine, CA.
In October 2005, Radiant acquired MenuLink Computer Solutions, Inc., an independent suppliers of back-office software for the hospitality industry, located in Huntington Beach, CA.
In January 2006, Radiant acquired substantially all of the assets of Synchronics, Inc., a provider of business management and point of sale software for the retail market, located in Memphis, TN.
In December 2007, Radiant announced it had entered into an agreement to acquire Quest Retail Technology, a provider of point of sale (POS) and back office solutions to stadiums, arenas, convention centers, race courses, theme parks, restaurants, bars and clubs.
In April 2008, Radiant acquired Hospitality EPoS Systems, a technology supplier to the U.K. hospitality market since 1992.
In May 2008, Radiant also acquired Jadeon, Inc., one of Radiant’s resellers located in California. The company reports the operations of Hospitality EPoS Systems and Jadeon under the Hospitality segment.
In July 2008, Radiant acquired Orderman GmbH, which develops wireless handheld ordering and payment devices for the hospitality industry. Orderman is headquartered in Salzburg, Austria.
In July 2011, NCR Corporation
NCR Corporation
NCR Corporation is an American technology company specializing in kiosk products for the retail, financial, travel, healthcare, food service, entertainment, gaming and public sector industries. Its main products are self-service kiosks, point-of-sale terminals, automated teller machines, check...
announced plans to acquire Radiant Systems for 1.2 Billion USD.
In August 2011, Radiant acquired Texas Digital Systems, Inc., a leader in order confirmation displays and digital signage solutions.
On August 22, 2011, Radiant announced the completion of the tender offer
Tender offer
Tender offer is a corporate finance term denoting a type of takeover bid. The tender offer is a public, open offer or invitation by a prospective acquirer to all stockholders of a publicly traded corporation to tender their stock for sale at a specified price during a specified time, subject to...
by NCR Corporation
NCR Corporation
NCR Corporation is an American technology company specializing in kiosk products for the retail, financial, travel, healthcare, food service, entertainment, gaming and public sector industries. Its main products are self-service kiosks, point-of-sale terminals, automated teller machines, check...
.
On August 24, 2011, NCR Corporation
NCR Corporation
NCR Corporation is an American technology company specializing in kiosk products for the retail, financial, travel, healthcare, food service, entertainment, gaming and public sector industries. Its main products are self-service kiosks, point-of-sale terminals, automated teller machines, check...
completed the acquisition of Radiant Systems.