EBay Enterprise, once a business unit of eBay, has completed its merger with global e-Commerce company Innotrac to form a new privately held company named Radial.
Radial, primarily composed of former eBay Enterprise executives, provides technology and services for online retailers, including payments, fulfillment, logistics and customer service.
EBay Enterprise’s merger with Innotrac was planned at the time of the sale, and the two companies began integrating their businesses in November. Radial is valued at more than $1 billion, according to the financial review conducted by the private equity firms that own it.
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“Retailers are seeing a tremendous strain on their businesses because execution of omnichannel is insanely hard,” said Stefan Weitz, Chief Product and Strategy Officer at Radial in a statement. “Radial is all about building the tools retailers need to compete — and win — in the increasingly complex and competitive e-Commerce space.”
The combined company will be headquartered in King of Prussia, Pa., and will operate two dozen distribution centers and six call centers in the U.S., Canada and Europe with the help of its 7,000+ employees. Radial’s customers include DSW, GameStop, Shoe Carnival and Destination XL.
