Radiant Systems, Inc. (Nasdaq: RADS), a provider of innovative technology to the hospitality and retail industries, announces today that it has entered into a definitive agreement to acquire Hospitality EPoS Systems, a leading technology supplier to the U.K. hospitality market for more than 16 years.
“The acquisition of Hospitality EPoS Systems provides Radiant a substantial opportunity to accelerate our growth in the attractive U.K. hospitality market,” says David Griffin, vice president of international business for Radiant Systems’ hospitality division. “In today’s global economy, opportunities for U.S. technology companies in the U.K. are tremendous. This acquisition gives Radiant even greater visibility in Britain’s booming restaurant industry.”
Headquartered in Kent, just outside London, Hospitality EPoS Systems provides substantial capabilities for sales, implementation and support services as well as an attractive install base with leading U.K. hospitality companies such as Nando's Chickenland, Giraffe, Corney & Barrow and Brinker U.K. For more than eight years, Hospitality EPoS has represented Radiant’s suite of hospitality products including Aloha point-of-sale software, Enterprise.com above-store reporting, gift card and loyalty programs, MenuLink back office and Radiant hardware.
“Being a part of Radiant Systems provides immediate benefits to our employees and customers," says John Bloomer, managing director of Hospitality EPoS Systems. “Their management and product expertise combined with our sales, implementation and support capabilities position us for tremendous future growth in one of the most attractive hospitality markets outside the United States."
Radiant Systems’ hospitality division has approximately 60,000 installations worldwide, including 6,000 restaurants outside of the United States. Radiant will move its London office to the Hospitality EPoS Systems operations in Kent.
“Hospitality EPoS has proven to be a valuable partner for Radiant over the years, and we’re pleased to join forces for future opportunities in the U.K.,” adds Griffin.