Embrace Software (“Embrace”) is delighted to announce the acquisition of Radiant RFID, LLC (“Radiant”) a leader in Industrial IOT solutions; and welcome the 35+ Radiant team members to Team Embrace. Radiant will continue to operate as an independent company.
Radiant has been developing cutting-edge technology solutions for some of the largest companies, universities, and public organizations for over 17 years. Radiant’s suite of products spans 2 core areas; Asset Tracking and Life Safety both of which are in secular growth. The last 18 months of market changes have brought to the forefront the need for Radiant’s solutions, in providing supply chain visibility and employee safety in factories and warehouses.
“As a company that works to empower our customers in making better-informed decisions so that they may operate profitably, sustainably, and safely, this acquisition provides Radiant with the opportunity to lead by example. Our team is thrilled for what Embrace’s support will allow us to do for our customers, both current and future, and our continued success alongside them.”
“Where is it? is such a fundamental question for a business to ask about their assets and totes, but very hard for them to answer”, said Kenny Ratton, CEO, Co-Founder of Radiant. “We help our customers answer that question, and we apply the same platform to help customers understand if employees are safe in case of an emergency.”
“Over the past 17 years, our IoT platform has proven its ability to continuously incorporate new tracking technology. This includes RFID, GPS, BLE beacons.” said Stephan Schwarze CTO, Co-Founder of Radiant. “Our approach to minimize hardware infrastructure needs, combined with our scalability and reliability, ensure to our customers that our cloud-based IoT platform will support them into the future.”
“Our supply chain customers tell us we are the right solution at the right time”, said Adam Cotner Chief Product Officer. “We appreciate the collaboration to innovate and solve problems that couldn’t be solved before.”
Kenny, Stephan, and Adam will continue to lead Radiant with Embrace by providing operational tools, bringing in-house and external experts, and providing investment capital to help realize Radiant’s full potential. Recognizing this opportunity Embrace has already invested $1M in growth capital into the business.
“Radiant’s opportunity goes beyond just growing a business to shaping asset-heavy industry’s use of technology; starting from asset tracking, but evolving to supply chain visibility and optimization, intertwined with safety (in the factory floors and field) all through the lens of delivering rapid ROI to our customers. It truly feels like we are in the very early innings”. said Mohan Plakkot, CEO at Embrace.
Radiant has 17 years of experience developing and deploying IoT solutions to help Enterprises be efficient with capital expenses and visibility… We are experts in designing solutions that integrate software, devices, and data analytics to drive efficiencies and improve operations for our customers. At a basic level, almost anyone can collect data. What Radiant does is understand the intricacy of that data and make it useful to an organization. The basis of Radiant’s social distancing and contact tracing solution is our existing Radiant IoT platform trusted by numerous companies to help keep track of their most valuable assets.
About Embrace Software Inc.
Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.
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