 | |
| Type | Subsidiary |
|---|---|
| Industry | E-commerce |
| Predecessor |
|
| Founded | 2016 |
| Headquarters | , |
Key people | |
Number of employees | 7,000+[2] (2016) |
| Parent | Bpost |
| Website | radial |
Radial, Inc. is an American multinational e-commerce company based in King of Prussia, Pennsylvania.[2] It provides order management, payment processing, order routing, fulfillment, and analytics services for companies such as GameStop, DSW, Shoe Carnival and Destination XL.[3]
History
Radial was formed from the merger of Innotrac Corporation and the enterprise services unit of eBay Enterprise.[4]
Merger
Sterling Partners, a private equity firm, acquired Innotrac on January 6, 2014, for $8.20 per share.[5] The buyout totaled $108 million.[6] Innotrac provided customer support and fulfillment services to retailers, software providers, and telecommunications companies.[7]
On November 2, 2015, Sterling Partners acquired eBay Enterprise's operations and enterprise technology services division.[8] Sterling Partners planned to merge Innotrac and the group from eBay Enterprise.[9]
The combined company, Radial, was announced on April 19, 2016. Sterling Partners estimated Radial's initial value at more than $1 billion.[9]
Bpost
In October 2017, the Belgian Post Group, also known as bpost, acquired Radial for $820 million.[10]
References
- ^ "Bpost picks Henri de Romrée". International Transport Journal. 7 February 2022. Retrieved 3 April 2022.
- ^ a b Ames, Ben (19 April 2016). "EBay Enterprise and Innotrac form combined firm called Radial". DC Velocity. Retrieved 23 April 2016.
- ^ "eBay Enterprise merges to become Radial; DSW among first clients". Chain Store Age. 19 April 2016.
- ^ Guy, Sandra (19 April 2016). "An eBay Enterprise division rebrands and directs some big retailer clients to Demandware". Internet Retailer. Retrieved 23 April 2016.
- ^ Dorbian, Iris (6 January 2014). "Sterling Partners completes Innotrac acquisition". PE HUB. Retrieved 23 April 2016.
- ^ Primack, Dan (7 January 2014). "Deals of the Day". Fortune. Retrieved 23 April 2016.
- ^ "Innotrac Corporation Company Profile". Hoover's. Retrieved 23 April 2016.
- ^ Lardinois, Frederic (2 November 2015). "Zeta Interactive Acquires eBay Enterprise's CRM Business". TechCrunch. Retrieved 23 April 2016.
- ^ a b Somerville, Heather (19 April 2016). "EBay Enterprise completes merger, rebrands as Radial". Reuters. Retrieved 23 April 2016.
- ^ Smith, Jennifer (9 October 2017). "Bpost to Buy Radial for $820 Million". The Wall Street Journal.
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This page was last edited on 2 November 2022, at 12:41