PDI Signs Definitive Agreement to Acquire Orbis Tech to Enter Global Point of Sale Market and Appoints Brad McGuinness as Senior Vice President, Point of Sale Solutions
ATLANTA, September 1, 2021 / PRNewswire / – PDI (www.pdisoftware.com), a leading global provider of business management software for the convenience retail and petroleum wholesale industries, has signed an agreement definitive to acquire Orbis Technologies Ltd (Orbis Tech), a global provider of cloud-based point-of-sale (POS), back-office and home office business solutions. The acquisition enhances PDI’s international software offerings with a transparent cloud point-of-sale, back-office and home office platform that will help businesses streamline complex in-store and forecourt operations. Besides, Brad McGuinness joins PDI as Senior Vice President of PDI Point of Sale Solutions, bringing over 30 years of expertise in the point of sale technology and petroleum and commodity retail industries.
Orbis Tech has developed modular point-of-sale, cloud-based back-office and home office software that works seamlessly as an end-to-end solution, providing businesses of any size with international operations the flexibility that they need to run their business. PDI has a long history of serving customers and providing software that will meet their needs today while preparing them for what lies ahead. A modern, integrated point-of-sale software suite is becoming increasingly important to the future of convenience stores and the way businesses are reinventing their stores and the customer experience. PDI will continue to invest in the platform to accelerate delivery and ensure continued global operational support for customers.
“We have built a powerful suite of single stack solutions for hospitality, convenience and fuel retail and we are delighted to join the PDI team,” said Jorundur Jorundsson, CEO of Orbis Tech. “Together, we will be able to innovate and deliver even faster, so that we can build on our robust software by leveraging PDI’s expertise in retail back-office operations, corporate security. network and protection of critical data and assets. “
PDI is strengthening its leadership and position in the market as a Brad McGuinness joined the company to oversee their point-of-sale solutions, including the Orbis POS cloud platform, back office and home office. Before joining PDI, Brad McGuinness has held several leadership positions during his 25+ years at Verifone. He was responsible for bringing Ruby, Commander, Topaz and the Verifone Mx multi-pin keyboard product family to the retail and petroleum industries. Early in his career, Brad led key standards development initiatives with Conexxus; he currently sits on the NACS Supplier Council and has been recognized as one of the Convenience Industry 50 Most Influential People.
“PDI has an exceptional reputation in the industry and a world-class management team,” said Brad McGuinness, senior vice president of point of sale solutions at PDI. “I am excited to join the team and look forward to growing the point of sale business and helping PDI customers succeed. “
“Orbis Tech has built a complete solution that meets the needs of our international customers, enabling them to optimize their business while simplifying their technology stack,” said Jimmy frangis, CEO of PDI. “Adding point of sale software, strengthening our back office and home office solutions and appointing an industry veteran Brad McGuinness lead, positions PDI to serve the industry today and help our customers reshape the future. “
Berenson & Company acted as PDI’s exclusive financial advisor in connection with the transaction.
Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision making. Since 1983, PDI has proudly served the commodity retail and wholesale petroleum industries. More than 1,500 companies, representing more than 200,000 locations around the world, rely on PDI’s solutions and expertise to deliver convenience and energy to the world. For more information on PDI, visit our website www.pdisoftware.com.
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SOURCE Business Data Solutions, Inc.