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Radiant Systems to Acquire Quest Retail Technology, Expand Presence in Stadium, Parks and Arena Marketplace

Company strengthens position in dynamic segment through acquisition of market leader

ATLANTA (Dec. 11, 2007) — Radiant Systems, Inc. (NASDAQ:RADS) announced today that it has entered into a definitive purchase agreement to acquire Quest Retail Technology, a global provider of point of sale (POS) and back office solutions to stadiums, arenas, convention centers, race courses, theme parks, restaurants, bars and clubs. The acquisition is intended to strengthen Radiant Systems’ presence in the stadium, park and arena marketplace, while expanding its installed terminal base.

Headquartered in Adelaide, Australia with North American headquarters in Denver, Colorado, Quest designs, manufactures and distributes POS and back office solutions that are uniquely designed for the special needs of stadium, park and arena operations. Quest’s award-winning hardware solution includes touch screen, keypad, handheld, wireless and radio frequency technologies. Quest’s solutions drive efficiencies in all aspects of the customers’ operations, including concessions, retail shops, sit down restaurants, in-seat service, catering, vending, etc.

Today, approximately 57,000 Quest terminals are installed in more than 5,000 sites throughout 20 countries. Quest’s solutions operate many of the largest major league stadiums, parks and arenas in the U.S. and Australia, including Yankee Stadium (home of the New York Yankees), Wrigley Field (home of the Chicago Cubs), and Staples Centre (home of the Los Angeles Lakers, Los Angeles Clippers, Los Angeles Kings), as well as in other locations across the globe. The company is also a leading provider of POS solutions for bars, clubs and restaurants in Australia and New Zealand. In addition to the company’s internal sales and services teams, Quest has more than 40 reseller partners primarily located in Australia and New Zealand.

“We believe this acquisition significantly increases the market for our company’s solutions,” said John Heyman, chief executive officer of Radiant Systems. “Quest’s market is dynamic and growing and their POS and back office technology is unsurpassed in this market segment, which is why more than 100 major league stadiums and arenas deploy their solutions.  We plan to work with the management team to rapidly expand their current market share in this increasingly robust segment.”

Heyman continued: “Most importantly, this move is a reflection of Radiant’s long-standing customer commitment: to help clients run their retail operations more efficiently through high value solutions that are easy-to-use and relevant to today’s retail challenges.” 

Led by current CEO Tim Stollznow, Quest will continue to operate out of its offices in Adelaide, Australia and Denver, Colorado.

Tim Stollznow, current Quest CEO added: “Joining forces with Radiant will benefit every aspect of Quest’s operations. Our staff will have access to world-class product, sales and service resources, which will take our solutions to new geographic and industry markets. These resources, combined with the experience of both companies, will provide our clients with a wide range of superior solutions that meet their unique retail challenges.”

Under the terms of the agreement, Radiant will acquire Quest in an all-cash transaction for approximately $54 million, subject to currency exchange rates at closing. The transaction will be funded through existing cash and an expanded debt facility.  Radiant expects the acquisition to be accretive to 2008 earnings as adjusted to exclude amortization of intangible assets, and will provide updated guidance after the transaction has closed. The acquisition is subject to customary closing conditions and is expected to close in the first quarter of 2008.

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 Quest Retail Technology
Quest Retail Technology (www.quest.com.au) is the world leader in supply of POS solutions to Stadiums and Arenas. Quest has over 57,000 terminals installed in more than 20 countries around the world; in a diverse range of applications including Bars, Clubs, Restaurants, Fast Food, Stadiums, Arenas, Convention Centers, Racecourses, Theme Parks, Cinemas and Franchises.

Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements relating to the anticipated effects of the planned acquisition on the Company’s business and operations, its plans with respect to the acquired business after closing, the anticipated effects of the acquisition on the Company’s adjusted earnings, and the Company’s expectations as to the timing of the closing, and all other statements regarding the intent, beliefs, plans or expectations of the Company, or its directors or officers. The use of the words “may,” “would,” “could,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plans,” and similar expressions and variations thereof are intended to identify forward-looking statements.  Investors are cautioned that any such forward-looking statements are not guarantees of future results or performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control.  As a result, actual results may differ materially from those contemplated by the forward-looking statements made in this release.  Among the key risks, uncertainties and other factors that may cause the Company’s actual results or performance to differ materially from that contemplated by such forward-looking statements are (i) the risk that one or more of the closing conditions will not be satisfied, or will not be satisfied on the timetable we anticipate, (ii) the risk that we may encounter unforeseen difficulties integrating the acquired business and, as a result, may not realize the anticipated benefits to our business or may incur unanticipated costs and charges, (iii) the risk that we may incur unanticipated costs or liabilities, and (iv) other risks associated with acquisitions generally.  These and other risks and uncertainties associated with the Company’s business are further discussed in the Company’s most recent Report on Form 10-K and other filings with the Securities and Exchange Commission.