-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hm+Feo05WK/WEII5r6Z1618qpQc25K8Hxb3xq8jlLj5UQ3dFlG8loBziOwWB5mvV bQJTnvI8GYRrbwK1rMm36g== /in/edgar/work/20000706/0000931763-00-001658/0000931763-00-001658.txt : 20000920 0000931763-00-001658.hdr.sgml : 20000920 ACCESSION NUMBER: 0000931763-00-001658 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000622 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RADIANT SYSTEMS INC CENTRAL INDEX KEY: 0000845818 STANDARD INDUSTRIAL CLASSIFICATION: [7373 ] IRS NUMBER: 112749765 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22065 FILM NUMBER: 668416 BUSINESS ADDRESS: STREET 1: 1000 ALDERMAN DR STREET 2: STE A CITY: ALPHARETTA STATE: GA ZIP: 30202 BUSINESS PHONE: 7707723000 MAIL ADDRESS: STREET 1: 1000 ALDERMAN DRIVE STREET 2: STE A CITY: ALPHARETTA STATE: GA ZIP: 30202 8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 22, 2000 ------------- RADIANT SYSTEMS, INC. --------------------- (Exact name of registrant as specified in its charter) Georgia 0-22065 11-2749765 - -------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 3925 Brookside Parkway, Alpharetta, Georgia 30022 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (770) 576-6000 -------------- (Former name or former address, if changed since last report.) Item 2. Acquisition or Disposition of Assets. On June 22, 2000, Radiant Systems, Inc., a Georgia corporation (the Company"), consummated the acquisition of TimeCorp, a workforce management and planning software business operation owned by VeriFone, Inc., a subsidiary of Hewlett- Packard. The transaction includes the purchase of substantially all of the assets of TimeCorp, including software products, intellectual property and client contracts. Headquartered in Atlanta, TimeCorp develops and deploys a complete suite of workforce management applications that enable its clients to be more productive and profitable as they compete in diverse industries such as general retail, grocery, automotive, hotels and food service. TimeCorp has its software installed in more than 15,000 sites across all industries. Item 7. Financial Statements, Pro Forma Financial Schedules and Exhibits. (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. Item No. Exhibit Description 99.1 Press release dated June 22, 2000. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RADIANT SYSTEMS, INC. By: /s/ John H. Heyman -------------------------------- John H. Heyman Executive Vice President and Chief Financial Officer Dated: June 27, 2000 EXHIBIT INDEX Exhibit Number Exhibit Name ------- ------------ 99.1 Press Release dated June 22, 2000 EX-99.1 2 0002.txt PRESS RELEASE DATED 6/22/2000 EXHIBIT 99.1 FOR IMMEDIATE RELEASE For More Information, Please Contact John Heyman - Executive Vice President and CFO (770) 576-6705 Melissa Portell - Radiant Systems Investor Relations (770) 576-6577 Radiant Systems Acquires TimeCorp Atlanta, June 22, 2000 -- Radiant Systems, Inc. (NASDAQ: RADS) announced today that it has acquired TimeCorp, a workforce management and planning software business operation owned by VeriFone, Inc., a subsidiary of Hewlett-Packard (NYSE: HWP). The transaction includes the purchase of substantially all of the assets of TimeCorp, including software products, intellectual property and client contracts. Terms of the transaction were not disclosed. Headquartered in Atlanta, TimeCorp develops and deploys a complete suite of workforce management applications that enable its clients to be more productive and profitable as they compete in diverse industries such as general retail, grocery, automotive, hotels, and food service. TimeCorp has its software installed in more than 15,000 sites across all industries. Erez Goren, Co-Chairman and Chief Executive Officer of Radiant Systems, said, "Workforce management is one of the most significant issues facing retailers today. Labor accounts for one of the largest expenses in any retail operation and employee management and retention are significant operational challenges in these typically high turnover industries. In addition to driving labor productivity, effective workforce management solutions help retailers more effectively serve their customer--the consumer. To effectively recruit, retain, and manage employees, retailers need a comprehensive enterprise wide solution." Mr. Goren continued, "After a thorough search and analysis, we determined that TimeCorp not only has best-in-class products, but the deep development and management expertise necessary to continue to be a leader in this important area." TimeCorp offers two solutions to the retail industry, Visual Labor Management (VLM) and Visual Executive Management (VEM). VLM offers a complete range of labor management software for the site including punch to pay, time and attendance, forecasting, human resource management, and commissions management. VEM provides retailers with powerful enterprise-wide budgeting, operational benchmarking, and analysis capabilities. These offerings strengthen Radiant's suite of world-class horizontal applications that deliver value across all segments of retail. Radiant Systems delivers a number of management applications to retailers as part of its Web-enabled suite of software called Wave(TM). The centrally hosted, Internet-enabled environment of Wave(TM) allows for rapid implementation of the software and ease of access to data and tools via a standard Web browser. Company Information Radiant Systems, Inc. (NASDAQ: RADS) is a leader in delivering innovative technology solutions to businesses that serve the consumer. These solutions include transaction-processing and management systems that support enterprise processes for clients ranging in size from multi-national to single-site operators. Radiant's mission is to use its technology to eliminate billions of dollars of operational and logistical inefficiencies from the markets that the company serves. Headquartered in Atlanta, Radiant Systems (www.radiantsystems.com) also provides comprehensive client care and consulting - ----------------------- services to maximize speed of implementation and the client's return on investment. Radiant's solutions are deployed at hundreds of companies worldwide and currently process more than two billion transactions annually. TimeCorp (www.timecorp.com) is one of the world's leading developers and ---------------- marketers of labor management software solutions. Its Visual Labor Management and Visual Executive Management software have revolutionized the market for activity-based costing of labor management. The company's systems are used in more than 15,000 supermarkets, restaurants and retail stores worldwide. TimeCorp has been focused on the effective management of employees since 1988. Hewlett-Packard Company, a leading global provider of computing and imaging solutions and services, is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e- services and an internet infrastructure that's always on. HP has 86,000 employees worldwide and had total revenue from continuing operations of $42.4 billion in its 1999 fiscal year. Information about HP and its products can be found on the World Wide Web at (http://www.hp.com/). ------------------ Certain statements contained in this press release are "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. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. STOP -----END PRIVACY-ENHANCED MESSAGE-----