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Checkpoint Systems Acquires RFID Software Company OATSystems
OATSystems' product lineup includes the OAT Foundation Suite, designed to help retailers make sense of the RFID Electronic Product Code (EPC) data they collect, and to allow them to set up and enact business rules based on that information. That suite includes Mobile Asset Tracking and Electronic Proof of Delivery, which can be utilized in distribution centers to track the receipt or shipment of pallets and cases of goods. The OATSystems' product could, for instance, automatically trigger an advance shipping notice—or, in the event that a shipment is late, it could trigger alerts informing the retailer of the delivery delays.
"This is the type of thing that OATSystems can do very well," Abadi states. OAT also offers its Real-Time Promotion Execution (RPE) software, intended to alert consumer packaged goods (CPG) providers immediately if a promotion is not placed on the retail floor at the appointed time.
Checkpoint Systems plans to continue using and developing the OATSystems brand and software platform to serve its retail, consumer products and industrial customers. OATSystems will operate as a separate business unit, according to Paul Cataldo, the OAT's VP of marketing, and will maintain its corporate offices in Waltham, Mass., as well as its development office in Bangalore, India. Michael G. George, OATSystems' current president and CEO, will head up the OATSystems group within Checkpoint Systems.
Cataldo believes the acquisition will make OATSystems stronger. "Checkpoint Systems has a global presence with offices worldwide, and has a large footprint," he says. "So, from a sales and services standpoint, that is good for our customers. We will continue to serve our traditional markets in retail, but also our growing industrial manufacturing market. Checkpoint Systems is very supportive of that. This all makes us a very safe choice [for businesses] because we've got the horsepower of a large organization, but we can continue to operate as a separate business unit. We are very excited about this, and it will enable us to grow this business."
Financial details have not yet been disclosed as of press time. The all-cash transaction is slated to close within two weeks, and Checkpoint expects the transaction to be dilutive to earnings per share through 2009, and accretive thereafter.
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"This is the type of thing that OATSystems can do very well," Abadi states. OAT also offers its Real-Time Promotion Execution (RPE) software, intended to alert consumer packaged goods (CPG) providers immediately if a promotion is not placed on the retail floor at the appointed time.
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| OATSystems' Paul Cataldo |
Cataldo believes the acquisition will make OATSystems stronger. "Checkpoint Systems has a global presence with offices worldwide, and has a large footprint," he says. "So, from a sales and services standpoint, that is good for our customers. We will continue to serve our traditional markets in retail, but also our growing industrial manufacturing market. Checkpoint Systems is very supportive of that. This all makes us a very safe choice [for businesses] because we've got the horsepower of a large organization, but we can continue to operate as a separate business unit. We are very excited about this, and it will enable us to grow this business."
Financial details have not yet been disclosed as of press time. The all-cash transaction is slated to close within two weeks, and Checkpoint expects the transaction to be dilutive to earnings per share through 2009, and accretive thereafter.
