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Radial, Inc.

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

  1. Bpost picks Henri de Romrée International Transport Journal, 7 February 2022, retrieved 3 April 2022^
  2. Ben Ames. EBay Enterprise and Innotrac form combined firm called Radial DC Velocity, 19 April 2016, retrieved 23 April 2016^
  3. eBay Enterprise merges to become Radial; DSW among first clients Chain Store Age, 19 April 2016^
  4. Sandra Guy. An eBay Enterprise division rebrands and directs some big retailer clients to Demandware Internet Retailer, 19 April 2016, retrieved 23 April 2016^
  5. Iris Dorbian. Sterling Partners completes Innotrac acquisition PE HUB, 6 January 2014, retrieved 23 April 2016^
  6. Dan Primack. Deals of the Day Fortune, 7 January 2014, retrieved 23 April 2016^
  7. Innotrac Corporation Company Profile Hoover's, retrieved 23 April 2016^
  8. Frederic Lardinois. Zeta Interactive Acquires eBay Enterprise's CRM Business TechCrunch, 2 November 2015, retrieved 23 April 2016^
  9. Heather Somerville. EBay Enterprise completes merger, rebrands as Radial Reuters, 19 April 2016, retrieved 23 April 2016^
  10. Jennifer Smith. Bpost to Buy Radial for $820 Million The Wall Street Journal, 9 October 2017^