Radiant Systems
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Radiant Systems was a provider of technology to the hospitality and retail industries that was acquired by NCR Corporation in 2011. Radiant was based in Atlanta, Georgia. In its last financial report as a public company, Radiant reported revenues of $90 million and net income of $14 million in the six months ended 30 June 2011. At the time of its acquisition, Radiant employed over 1,300 people worldwide. Radiant had offices in North America, Europe, Asia and Australia.
| |
| Company type | Public until 2011 |
|---|---|
| Nasdaq: RADS | |
| Industry | Hospitality and Retail Technology and Support |
| Founded | 1985 |
| Fate | Acquired by NCR Corporation |
| Headquarters | Atlanta, Georgia, United States |
| Owner | NCR Corporation |
History
In May 1997, Radiant completed the joint acquisition of ReMACS, based in Pleasanton, CA, and Twenty/20 Visual Systems, based in Dallas, Texas. At this time, these acquisitions formed the core of Radiant Hospitality Systems, with 8,000 installed sites.
In March 2000, they joined forces with Microsoft to develop a Web-enabled management system and supply chain solution to enable retailers to conduct business-to-business e-commerce over the Internet. [1]
In July 2011, NCR Corporation announced plans to acquire Radiant Systems for US$1.2 Billion.[2]
On 24 August 2011, NCR Corporation completed the acquisition of Radiant Systems.[citation needed]
Acquisitions
| Year | Company | Comment | Citations |
|---|---|---|---|
| 1997 | ReMACS and Twenty/20 Visual Systems | Joint acquisition. ReMACS based in Pleasanton, CA; Twenty/20 Visual Systems based in Dallas, Texas. Formed the core of Radiant Hospitality Systems, with 8,000 installed sites. | [3] |
| 1997 | RapidFire Software | It was a Hospitality POS provider. Based in Hillsboro, OR. | [citation needed] |
| 1997 | Logic Shop | It was a provider of management software to automotive service centers. Based in Atlanta, GA. | [4] |
| 2001 | Breeze Software | It was an Australian provider of point-of-sale and management systems solutions to retailers in the petroleum/convenience store industry. | [5] |
| 2004 | Aloha Technologies | It was a provider of point of sale systems for the hospitality industry, located in Dallas, Texas. | [6] |
| 2004 | E-Needs | It was a provider of Film Management software and services in the North American exhibition industry, and was based in Irvine, California. | [7] |
| 2005 | MenuLink Computer Solutions | Independent supplier of back-office software for the hospitality industry, located in Huntington Beach, California. | [8] |
| 2006 | Synchronics | Acquired substantially all assets. It was a provider of business management and point of sale software for the retail market, located in Memphis, Tennessee. | [9] |
| 2007 | Quest Retail Technology | It was a provider of point of sale (POS) and back office solutions to stadiums, arenas, convention centers, race courses, theme parks, restaurants, bars and clubs. | [10] |
| 2008 | Hospitality EPoS Systems | It was a technology supplier to the U.K. hospitality market since 1992. | [11][12] |
| 2008 | Jadeon | It was one of Radiant's resellers located in California. Operations reported under the Hospitality segment. | [13] |
| 2008 | Orderman GmbH | Developsed wireless handheld ordering and payment devices for the hospitality industry. It was headquartered in Salzburg, Austria. | [14][15] |
| 2011 | Texas Digital Systems | Offered order confirmation displays and digital signage solutions. | [16] |