B.O.S. Better Online Solutions

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B.O.S. Better Online Solutions Ltd.
Type Public
Traded as NASDAQBOSC
Industry Technology
Founded 1990 (1990)
Founders Israel Gal
Headquarters Rishon LeZion, Israel
Key people Yuval Viner (CEO)
Avidan Zelicovsky (Pres.)
Services Information technology services
Revenue Increase US$ 33.187 million (2010)
Operating income Increase US$ 1.257 million (2010)
Net income Increase US$ –0.635 million (2010)
Website www.boscorporate.com
Footnotes / references
[1]

B.O.S. Better Online Solutions is a publicly traded company, headquartered in Israel, that provides RFID and supply chain solutions. Its shares are traded on the NASDAQ Capital Market.

Company[edit]

B.O.S. Better Online Solutions specializes in RFID solutions as a more efficient alternative to the traditional barcode object identification method.[2] In an interview with The Wall Street Transcript in 2008, president Shmuel Koren commented that the use of RFID is expected to expand rapidly as the cost of RFID tagging declines, regulatory institutions increasingly approve RFID technology, and companies recognize the potential of RFID to increase efficiency.[3][unreliable source?]

B.O.S. clients have included Unilever, Otto, IKEA, and Israel's Ministry of Agriculture.[4][5][6][7] In 2011 B.O.S. was awarded Frost & Sullivan's Entrepreneurial Company of the Year award.[8][unreliable source?]

Subsidiaries[edit]

Products[edit]

  • BOS ID – software platform for inventory management[11]
  • BOSwine – RFID tagging system for monitoring the health and productivity of sows and piglets[12]
  • BOSWaste – RFID waste management system for tracking waste collection and controlling waste-management subcontractors[13]

History[edit]

B.O.S. Better Online Solutions was founded in 1990 by Israel (Izzy) Gal after he left IIS (Intelligent Information Systems, LTD., an Israeli company where Gal worked as a product manager for AS/400 related products. In its early years B.O.S. specialized in twinax terminal emulation software.[14][15] In 2009 B.O.S. sold the rights to its e-Twinax Controller, a controller providing TCP/IP compatibility with older twinax devices without the use of SNA, to Phoenix-based 10ZiG Technology.[16][17] In 2010 B.O.S. closed its two U.S. supply chain subsidiaries (formerly Summit Radio Corp.) due to turbulence in the executive jet market.[18][19]

In 1996 B.O.S. began trading on what was then the Nasdaq SmallCap Market (today the Nasdaq Capital Market), and in 2000 the company's shares were upgraded to the Nasdaq National Market.[20] Between 2002 and 2009 B.O.S. shares were listed on the Tel Aviv Stock Exchange.[21][22] In 2009 B.O.S.'s shares were transferred to the Nasdaq Capital Market.[23]

In 2004 Adiv Baruch replaced founder Israel Gal as CEO of the company.[24] In 2006, Baruch was replaced by Shmuel Koren.[25] Koren resigned in 2008 and was succeeded by Shalom Daskal.[26] Daskal left the company in 2009, his place taken by Yuval Viner.[27] Viner has been CEO of the company since 2009.

Acquisitions[edit]

Company Year Price Reference
Pacific Information Systems
1998
$12.4 million
[28]
Odem Electronic Technologies 1992 Ltd.
2004–05
$4.8 million
[29][30]
Summit Radio Corp.
2007
$5.5 million
[31]
Dimex Systems Ltd.
2008
$12.2 million
[32]

See also[edit]

References[edit]

  1. ^ "BOSC Income Statement". Yahoo! Finance. 2011. Retrieved 3 November 2011. 
  2. ^ "בי.או.אס סיכמה על הסכם מסגרת עם פוטנציאל הכנסות של 25 מיליון דולר ל-5 שנים B.O.S. entered into master agreement with $25 million potential for five years". Globes (in Hebrew). 28 May 2008. Retrieved 3 November 2011. בי.או.אס מספקת פתרונות RFID - טכנולוגיה המהווה תחליף לבר-קוד, וכן פתרונות שרשרת אספקה (Supply Chain). 
  3. ^ "BOS CEO Shmuel Koren Discusses Growth of RFID Applications in [Interview in the Wall Street Transcript]". Bloomberg (Rishon LeZion, Israel). Business Wire. 2 September 2008. Retrieved 3 November 2011. 
  4. ^ "B.O.S. Better Online Solutions Ltd. Announces Implementation of Wireless and RF System for Unilever". GlobeNewswire (Rishon LeZion). 29 July 2009. Retrieved 3 November 2011. 
  5. ^ "B.O.S. Better Online Solutions Ltd. ("BOS") Announces Sale of Waste Management System Including 1 Million RFID Tags". Yahoo! Finance (Rishon LeZion, Israel). GlobeNewswire. 21 May 2009. Retrieved 3 November 2011. 
  6. ^ "B.O.S. Better Online Solutions Delivers Logistics Management Solution for IKEA Israel". Reuters (Rishon LeZion, Israel). Globe Newswire. 22 December 2010. Retrieved 3 November 2011. 
  7. ^ "B.O.S. Better Online Solutions Ltd. Supplies Over One Million Animal ID Tags To Track Israel's Sheep And Goats". Globe Newswire. Rishon LeZion, Israel: RFID Solutions Online. 11 May 2010. Retrieved 3 November 2011. 
  8. ^ "Frost & Sullivan Awards B.O.S. 'Entrepreneurial Company of the Year' in Automatic Identification Data Capture and RFID". BioPortfolio (Rishon LeZion). Globe Newswire. 7 March 2011. Retrieved 3 November 2011. 
  9. ^ "Odem Technologies Ltd. a Member of the BOS group Expanded Its Long Term Supply Agreement with the Israel Aircraft Industry (IAI) by Approximately $2M". TheFreeLibrary.com (Rishon LeZion). Business Wire. 13 December 2005. Retrieved 3 November 2011. 
  10. ^ "BOS Received Orders For The Supply Of RFID Tags To European Customers In An Amount Exceeding $U.S. 600,000". RFID Solutions Online. 3 April 2008. Retrieved 3 November 2011. 
  11. ^ "B.O.S. Better Online Solutions Provides Flexible Stock Counting Software for Brill Shoe Industries". BioPortfolio (Rishon LeZion, Israel). Globe Newswire. 18 January 2011. Retrieved 3 November 2011. 
  12. ^ Swedberg, Claire (18 April 2009). "With RFID, Pork Producer Sells No Swine Before Its Time". RFID Journal. Retrieved 3 November 2011. 
  13. ^ Krieger, Matthew (30 July 2009). "TechWatch: Local micro-cap firms continue to outclass international competition". Jerusalem Post. Retrieved 3 November 2011. 
  14. ^ Schulman, Sophie (4 September 2002). "'השנתיים בהן ורטהיים ודוברת היו בדירקטוריון בי.או.אס - הגרועות בתולדותיה'" ['The two years during which Wertheim and Dovrat were on the board of B.O.S. – the worst in its history]. TheMarker (in Hebrew). Retrieved 3 November 2011. אתמול מינתה בי.או.אס את ישראל גל, מייסד החברה, לתפקיד המנכ"ל. 
  15. ^ Morgan, Timothy Prickett (5 November 2002). Woodie, Alex, ed. "Vendor Snapshot: B.O.S. Stays Connected to the IBM Midrange". Midrange Stuff (IT Jungle) 2 (41). Retrieved 3 November 2011. 
  16. ^ Woodie, Alex (10 April 2010). Woodie, Alex, ed. "End of AnyNet Support is Good News for 10ZiG's e-Twinax Controller". Four Hundred Stuff (IT Jungle) 10 (15). Retrieved 3 November 2011. 
  17. ^ Woodie, Alex (8 December 2009). Woodie, Alex, ed. "10ZiG Acquires BOSaNOVA System i Connectivity Products". Four Hundred Stuff (IT Jungle) 9 (44). Retrieved 3 November 2011. 
  18. ^ Habib-Valdhorn, Shiri (24 November 2010). "RFID co BOS closes US operations". Globes. Retrieved 3 November 2011. 
  19. ^ Habib-Valdhorn, Shiri (24 November 2010). "BOS סוגרת החברה הבת ותרשום מחיקה של 660 אלף דולר" [BOS shuts down subsidiary and will write off $660K]. Globes (in Hebrew). Retrieved 3 November 2011. שלוש שנים אחרי ששילמה כ-5.5 מיליון דולר על רכישת Summit Radio מארה"ב, BOS סוגרת את פעילות החברה. 
  20. ^ "Nasdaq Approves B.O.S. -- Better On-line SolutionsLtd. Listing in National Market". AllBusiness.com (Teradyon, Israel). Business Wire. 13 September 2000. Retrieved 3 November 2011. 
  21. ^ "שתי חברות נוספות הצטרפו לרישום הכפול" [Two more companies join dual listing] (in Hebrew). Association of Publicly Traded Companies. Spring 2000. Retrieved 3 November 2011. שתי חברות נוספות הצטרפו לאחרונה לרישום הכפול בבורסה בת"א. המדובר בחברת בי.או.אס (בטר-אונליין-סולושנס) וחברת קומפיוג'ן. 
  22. ^ "סקירה שנתית 2009" [2009 Year in Review] (in Hebrew). Tel Aviv Stock Exchange. January 2010. Retrieved 3 November 2011. אלדין נמחקה מהמסחר בת"א ומהמסחר בנאסד"ק, בעקבות מיזוגה ב"קרן וקטור", לידקום נמחקה מהמסחר בלונדון, החברות – רדוור, בי.או.אס ורדקום, הנסחרות בנאסד"ק, נמחקו מהמסחר בתל-אביב. 
  23. ^ "B.O.S. Transfers to the Nasdaq Capital Market". Yahoo! Finance (Rishon LeZion). Globe Newswire. 15 October 2009. Retrieved 3 November 2011. 
  24. ^ "B.O.S. Better On-line Solutions Ltd. Announces Nomination of a New CEO and President". TheFreeLibrary.com (Teradyon, Israel). Business Wire. 3 December 2003. Retrieved 3 November 2011. 
  25. ^ "שמוליק קורן, מנכ"ל בי.או.אס: 'פעם דיברנו רק על פוטנציאל - היום החברה סולידית עם ביזנס רווחי'" [Shmulik Koren, CEO of B.O.S: 'Once was spoke only of potential – today the company is solid with a profitable business]. Globes (in Hebrew). Retrieved 3 November 2011. 
  26. ^ "Bos CEO resigns, names new CEO". Forbes. Reuters. 19 November 2008. Retrieved 3 November 2011. 
  27. ^ "BOS Announces the Appointment of Yuval Viner as Acting CEO and of Avidan Zelicovsky as Acting President". Globe Newswire (Rishon LeZion). 20 October 2009. Retrieved 3 November 2011. 
  28. ^ "B.O.S Signs Memorandum of Understanding for a Private Placement of $9.275 Million". Globes. 1 March 2000. Retrieved 3 November 2011. 
  29. ^ Feldman, Batya (4 November 2004). "BOS buys components distributor Odem for $2m cash plus shares". Globes. IVC Research Center. Retrieved 3 November 2011. 
  30. ^ Yom-Tov, Shirley (1 November 2005). "BOS הגיעה להחזקה מלאה באודם: רכשה 12% נוספים מהחברה תמורת 550 אלף דולר" [BOS assumes full ownership of Odem: Acquired an additional 12% of the company for $550K]. TheMarker (in Hebrew). Retrieved 3 November 2011. 
  31. ^ Krieger, Matthew (11 January 2007). "B.O.S buys Summit Radio". Jerusalem Post. Retrieved 3 November 2011. 
  32. ^ "BOS Announces the Closing of the Dimex Transaction". PRNewswire (Rishon LeZion, Israel). 12 March 2008. Retrieved 3 November 2011. 

External links[edit]