Radial, Inc.: Difference between revisions
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| predecessor = [[eBay Enterprise, Inc.]] |
| predecessor = {{ublist | [[eBay Enterprise, Inc.]] | Innotrac Corporation}} |
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| type = [[Privately held company|Private]] |
| type = [[Privately held company|Private]] |
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==History== |
==History== |
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Radial was formed from the merger of Innotrac Corporation and the enterprise services unit of [[eBay Enterprise, Inc.]].<ref>{{cite web|last=Guy|first=Sandra|url=https://www.internetretailer.com/2016/04/18/ebay-enterprise-division-rebrands-phases-out-platforming|title=An eBay Enterprise division rebrands and directs some big retailer clients to Demandware|website=Internet Retailer|date=19 April 2016|access-date |
Radial was formed from the merger of Innotrac Corporation and the enterprise services unit of [[eBay Enterprise, Inc.]].<ref>{{cite web|last=Guy|first=Sandra|url=https://www.internetretailer.com/2016/04/18/ebay-enterprise-division-rebrands-phases-out-platforming|title=An eBay Enterprise division rebrands and directs some big retailer clients to Demandware|website=Internet Retailer|date=19 April 2016|access-date=23 April 2016}}</ref> |
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===Prior to merger=== |
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Sterling Parterns, a [[private equity firm]], acquired Innotrac on November 18, 2013 for $106.6 million.<ref>{{cite news|first=Christopher|last=Seward|newspaper=The Atlanta Journal-Constitution|title=Private equity firm acquiring Innotrac in $106.6M deal|url=http://www.ajc.com/news/business/private-equity-firm-acquiring-innotrac-in-1066m-de/nbxFF/|date=18 November 2013|accessdate=23 April 2016}}</ref> On November 3, 2015, Sterling Partners acquired the enterprise operations and technology services part of eBay Enterprise.<ref>{{cite web|website=AltAssets|title=Permira nabs chunk of Ebay Enterprise in $925m buyout|url=https://www.altassets.net/private-equity-news/by-news-type/deal-news/permira-nabs-chunk-of-ebay-enterprise-in-925m-buyout.html|date=3 November 2015|accessdate=23 April 2016}}</ref> Sterling Partners announced the two companies would be merged on November 15, 2015, but stated the new company would be rebranded in 2016.<ref>{{cite web|publisher=Sterling Partners|url=http://www.sterlingpartners.com/news/2015/11/sterling-partners-introduces-new-ebay-enterprise-company/|date=15 November 2015|title=Sterling Partners Introduces new eBay Enterprise Company|accessdate=23 April 2016}}</ref> The company's name, Radial, was announced on April 19, 2016. Radial estimated its initial value at $1 billion.<ref>{{cite web|first=Heather|last=Somerville|website=Reuters|title=EBay Enterprise completes merger, rebrands as Radial|url=http://www.reuters.com/article/us-ebay-enterprise-merger-idUSKCN0XG1A0|date=19 April 2016|accessdate=23 April 2016}}</ref> |
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==External links== |
==External links== |
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== References == |
== References == |
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{{reflist}} |
{{reflist|2}} |
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[[Category:Companies based in Pennsylvania]] |
[[Category:Companies based in Pennsylvania]] |
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Revision as of 22:09, 23 April 2016
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| Company type | Private |
|---|---|
| Predecessor |
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| Founded | 2016  |
| Headquarters | , |
Key people | Tobias Hartmann (CEO) |
Number of employees | 7,000[1] (2016) |
| Website | radial |
Radial, Inc. is a multinational company based in King of Prussia, Pennsylvania. It provides customer, payment, tax, fraud, and fulfillment services for companies such as GameStop, DSW, and Destination XL.[2]
The company operates 27 fulfillment and 6 call centers in the U.S., Canada, and Europe.[1]
History
Radial was formed from the merger of Innotrac Corporation and the enterprise services unit of eBay Enterprise, Inc..[3]
Prior to merger
Sterling Parterns, a private equity firm, acquired Innotrac on November 18, 2013 for $106.6 million.[4] On November 3, 2015, Sterling Partners acquired the enterprise operations and technology services part of eBay Enterprise.[5] Sterling Partners announced the two companies would be merged on November 15, 2015, but stated the new company would be rebranded in 2016.[6] The company's name, Radial, was announced on April 19, 2016. Radial estimated its initial value at $1 billion.[7]
External links
References
- ^ a b Ames, Ben (19 April 2016). "EBay Enterprise and Innotrac form combined firm called Radial". DC Velocity. Retrieved 23 April 2016.
- ^ Dignan, Larry (19 April 2016). "eBay Enterprise, Innotrac merge to form Radial amid omnichannel turbulence". ZDNet. Retrieved 23 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.
- ^ Seward, Christopher (18 November 2013). "Private equity firm acquiring Innotrac in $106.6M deal". The Atlanta Journal-Constitution. Retrieved 23 April 2016.
- ^ "Permira nabs chunk of Ebay Enterprise in $925m buyout". AltAssets. 3 November 2015. Retrieved 23 April 2016.
- ^ "Sterling Partners Introduces new eBay Enterprise Company". Sterling Partners. 15 November 2015. Retrieved 23 April 2016.
- ^ Somerville, Heather (19 April 2016). "EBay Enterprise completes merger, rebrands as Radial". Reuters. Retrieved 23 April 2016.
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