Radius Retail Ltd (RRL), a UK company that develops software for retailers, has been acquired in a management buy-out from its owners Sudiar Ltd. No figure was released for the value of the purchase. RRL, which has offices in the UK and the US and distributors in South Africa, Australia and the Far East, is best-known for its OpenRSA package for large retailers.
It has recently supplemented this with SQL-Retail for small and medium retailers and managing director Mike Burge said that with relationships with Microsoft and Compaq they were entering a period of significant growth.
Sudiar Plc, which has sold RRL to its managers, was created as a result of an MBO last year when it acquired the shares of Radius Plc, an under-performing public company (CI No 3,455).
