Radial, Inc. Explained

Radial, Inc.
Type:Subsidiary
Founders:-->
Hq Location City:King of Prussia, Pennsylvania
Hq Location Country:United States
Areas Served:-->
Industry:E-commerce
Num Employees:7,000+[1]
Num Employees Year:2016
Parent:Bpost

Radial, Inc. is an American multinational e-commerce company based in King of Prussia, Pennsylvania. 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.

Bpost

In October 2017, the Belgian Post Group, also known as bpost, acquired Radial for $820 million.[9]

Notes and References

  1. Web site: Ben. Ames. DC Velocity. EBay Enterprise and Innotrac form combined firm called Radial. 19 April 2016. 23 April 2016.
  2. Web site: eBay Enterprise merges to become Radial; DSW among first clients. 19 April 2016. Chain Store Age.
  3. Web site: Guy. Sandra. An eBay Enterprise division rebrands and directs some big retailer clients to Demandware. Internet Retailer. 19 April 2016. 23 April 2016.
  4. Web site: PE HUB. Iris. Dorbian. Sterling Partners completes Innotrac acquisition. 6 January 2014. 23 April 2016.
  5. Web site: Fortune. Dan. Primack. Deals of the Day. 7 January 2014. 23 April 2016.
  6. Web site: Hoover's. Innotrac Corporation Company Profile. 23 April 2016.
  7. Web site: TechCrunch. Frederic. Lardinois. Zeta Interactive Acquires eBay Enterprise's CRM Business. 2 November 2015. 23 April 2016.
  8. Web site: Heather. Somerville. Reuters. EBay Enterprise completes merger, rebrands as Radial. 19 April 2016. 23 April 2016.
  9. Web site: Smith. Jennifer. The Wall Street Journal. Bpost to Buy Radial for $820 Million . 9 October 2017.