Radial, Inc.

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Radial, Inc.
TypePrivate (LLC)[1]
IndustryE-commerce
Predecessor
  • eBay Enterprise, Inc.
  • Innotrac Corporation
Founded2016 (2016)
Headquarters
King of Prussia, Pennsylvania
,
United States
Key people
  • Pierre Winand[2][3]
  • (President & CEO)
Number of employees
7,000+[4] (2016)
ParentBpost
Websiteradial.com

Radial, Inc. is an American multinational e-commerce company based in King of Prussia, Pennsylvania.[4] It provides order management, payment processing, order routing, fulfillment, and analytics services for companies such as GameStop, DSW, Shoe Carnival and Destination XL.[5]

History[]

Radial was formed from the merger of Innotrac Corporation and the enterprise services unit of eBay Enterprise.[6]

Merger[]

Sterling Partners, a private equity firm, acquired Innotrac on January 6, 2014, for $8.20 per share.[7] The buyout totaled $108 million.[8] Innotrac provided customer support and fulfillment services to retailers, software providers, and telecommunications companies.[9]

On November 2, 2015, Sterling Partners acquired eBay Enterprise's operations and enterprise technology services division.[10] Sterling Partners planned to merge Innotrac and the group from eBay Enterprise.[11]

The combined company, Radial, was announced on April 19, 2016. Sterling Partners estimated Radial's initial value at more than $1 billion.[11]

Bpost[]

In October 2017, the Belgian Post Group, also known as bpost, acquired Radial for $820 million.[12]

References[]

  1. ^ "Bpost to Accelerate the Expansion of its E-commerce Logistics Business with the Acquisition of Radial". 9 October 2017.
  2. ^ "Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers". Memphis Daily News. Retrieved 2020-07-21.
  3. ^ Evanoff, Daniel Connolly and Ted. "Radial to cut 486 jobs in Memphis". The Commercial Appeal. Retrieved 2020-07-21.
  4. ^ a b Ames, Ben (19 April 2016). "EBay Enterprise and Innotrac form combined firm called Radial". DC Velocity. Retrieved 23 April 2016.
  5. ^ "eBay Enterprise merges to become Radial; DSW among first clients". Chain Store Age. 19 April 2016.
  6. ^ Guy, Sandra (19 April 2016). "An eBay Enterprise division rebrands and directs some big retailer clients to Demandware". Internet Retailer. Retrieved 23 April 2016.
  7. ^ Dorbian, Iris (6 January 2014). "Sterling Partners completes Innotrac acquisition". PE HUB. Retrieved 23 April 2016.
  8. ^ Primack, Dan (7 January 2014). "Deals of the Day". Fortune. Retrieved 23 April 2016.
  9. ^ "Innotrac Corporation Company Profile". Hoover's. Retrieved 23 April 2016.
  10. ^ Lardinois, Frederic (2 November 2015). "Zeta Interactive Acquires eBay Enterprise's CRM Business". TechCrunch. Retrieved 23 April 2016.
  11. ^ a b Somerville, Heather (19 April 2016). "EBay Enterprise completes merger, rebrands as Radial". Reuters. Retrieved 23 April 2016.
  12. ^ Smith, Jennifer (9 October 2017). "Bpost to Buy Radial for $820 Million". The Wall Street Journal.


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