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Radiant Systems to Acquire Hospitality EPoS Systems
Radiant aggressively accelerates growth plans in United Kingdom through acquisition of leading hospitality technology supplier
ATLANTA, (April 8, 2008) — Radiant Systems, Inc. (Nasdaq: RADS), a leading 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,” said 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," said 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."
Today, 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.,” added Griffin.
About Radiant Systems, Inc.
Radiant Systems, Inc. (www.radiantsystems.com) is a global leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant's point of sale hardware and software solutions are deployed in more than 85,000 restaurants, retail stores, cinemas, convenience stores, fuel centers, and other customer-service venues across more than 100 countries. Radiant serves the needs of its customers through the dedication of more than 1,100 employees, 325 certified sales and service partners, and 1,800 field service representatives around the world. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States as well as in Europe, Asia and Australia.
About Hospitality EPoS Systems
Hospitality EPoS Systems has been implementing and supporting Radiant’s market-leading point of sale solutions for over eight years and has 16 years of experience in the hospitality industry. With headquarters in Kent, just outside London, Hospitality EPoS provides a full range of technology systems and implementation and support services throughout the U.K. to every type of food and beverage operation from fast food restaurants to pubs, clubs, casual dining, hotels, and the highest quality fine dining establishments.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company’s reliance on a small number of clients for a large portion of its revenues, fluctuations in its quarterly results, its ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements. 
