Company:Radial, Inc.
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| Type | Subsidiary |
|---|---|
| Industry | E-commerce |
| Predecessor |
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| Founded | 2016 |
| Headquarters | King of Prussia, Pennsylvania , |
Key people |
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Number of employees | 7,000+[1] (2016) |
| Parent | Bpost |
| Website | radial |
Radial, Inc. is a multinational e-commerce company based in King of Prussia, Pennsylvania.[1] It provides order management, payment processing, order routing, fulfillment, and analytics services for companies such as GameStop, DSW, Shoe Carnival and Destination XL.[2]
History
Radial was formed from the merger of Innotrac Corporation and the enterprise services unit of eBay Enterprise.[3]
Merger
Sterling Partners, a private equity firm, acquired Innotrac on January 6, 2014, for $8.20 per share.[4] The buyout totaled $108 million.[5] Innotrac provided customer support and fulfillment services to retailers, software providers, and telecommunications companies.[6]
On November 2, 2015, Sterling Partners acquired eBay Enterprise's operations and enterprise technology services division.[7] Sterling Partners planned to merge Innotrac and the group from eBay Enterprise.[8]
The combined company, Radial, was announced on April 19, 2016. Sterling Partners estimated Radial's initial value at more than $1 billion.[8]
Bpost
In October 2017, the Belgian Post Group, also known as bpost, acquired Radial for $820 million.[9]
References
- ↑ 1.0 1.1 Ames, Ben (19 April 2016). "EBay Enterprise and Innotrac form combined firm called Radial". http://www.dcvelocity.com/articles/20160419-ebay-enterprise-and-innotrac-form-combined-firm-called-radial/. Retrieved 23 April 2016.
- ↑ "eBay Enterprise merges to become Radial; DSW among first clients". 19 April 2016. https://www.chainstoreage.com/technology/ebay-enterprise-merges-become-radial-dsw-among-first-clients/.
- ↑ Guy, Sandra (19 April 2016). "An eBay Enterprise division rebrands and directs some big retailer clients to Demandware". https://www.internetretailer.com/2016/04/18/ebay-enterprise-division-rebrands-phases-out-platforming.
- ↑ Dorbian, Iris (6 January 2014). "Sterling Partners completes Innotrac acquisition". https://www.pehub.com/2014/01/sterling-partners-completes-innotrac-acquisition/. Retrieved 23 April 2016.
- ↑ Primack, Dan (7 January 2014). "Deals of the Day". http://fortune.com/2014/01/07/deals-of-the-day-6/. Retrieved 23 April 2016.
- ↑ "Innotrac Corporation Company Profile". http://www.hoovers.com/company-information/cs/company-profile.Innotrac_Corporation.0897aebe62226672.html. Retrieved 23 April 2016.
- ↑ Lardinois, Frederic (2 November 2015). "Zeta Interactive Acquires eBay Enterprise’s CRM Business". https://techcrunch.com/2015/11/02/zeta-interactive-acquires-ebay-enterprises-crm-business/. Retrieved 23 April 2016.
- ↑ 8.0 8.1 Somerville, Heather (19 April 2016). "EBay Enterprise completes merger, rebrands as Radial". https://www.reuters.com/article/us-ebay-enterprise-merger-idUSKCN0XG1A0. Retrieved 23 April 2016.
- ↑ Smith, Jennifer (9 October 2017). "Bpost to Buy Radial for $820 Million". https://www.wsj.com/articles/bpost-to-buy-radial-for-820-million-1507559095.
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