Radial, Inc.

Radial, Inc.
Private
Industry E-commerce
Predecessor
Founded 2016 (2016)
Headquarters King of Prussia, Pennsylvania, United States
Key people
  • Pierre Winand (President & Chief Executive Officer)
Number of employees
 7,000+[1] (2016)
Parent Bpost
Website radial.com

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 Godiva Chocolatier, GameStop, DSW, Shoe Carnival and Destination XL.

History

Radial was formed from the merger of Innotrac Corporation and the enterprise services unit of eBay Enterprise.[2] In January 2017, Matthew J. Espe was appointed Chief Executive Officer. In 2017 October, the Belgian Post Group, also known as bpost acquired Radial.

Merger

Sterling Partners, a private equity firm, acquired Innotrac on January 6, 2014, for $8.20 per share.[3] The buyout totaled $108 million.[4] Innotrac provided customer support and fulfillment services to retailers, software providers, and telecommunications companies.[5]

On November 2, 2015, Sterling Partners acquired eBay Enterprise's operations and enterprise technology services, division.[6] Sterling Partners planned to merge Innotrac and the group from eBay Enterprise.[7]

The combined company, Radial, was announced on April 19, 2016. Sterling Partners estimated Radial's initial value at more than $1 billion.[7]

References

  1. 1 2 Ames, Ben (19 April 2016). "EBay Enterprise and Innotrac form combined firm called Radial". DC Velocity. Retrieved 23 April 2016.
  2. ↑ Guy, Sandra (19 April 2016). "An eBay Enterprise division rebrands and directs some big retailer clients to Demandware". Internet Retailer. Retrieved 23 April 2016.
  3. ↑ Dorbian, Iris (6 January 2014). "Sterling Partners completes Innotrac acquisition". PE HUB. Retrieved 23 April 2016.
  4. ↑ Primack, Dan (7 January 2014). "Deals of the Day". Fortune. Retrieved 23 April 2016.
  5. ↑ "Innotrac Corporation Company Profile". Hoover's. Retrieved 23 April 2016.
  6. ↑ Lardinois, Frederic (2 November 2015). "Zeta Interactive Acquires eBay Enterprise's CRM Business". TechCrunch. Retrieved 23 April 2016.
  7. 1 2 Somerville, Heather (19 April 2016). "EBay Enterprise completes merger, rebrands as Radial". Reuters. Retrieved 23 April 2016.


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