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NEWSWIRE
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Checkpoint boosts RFID line with purchase |
By Rhianna Daniels - 07.03.2008 
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ORLANDO, Fla.--Checkpoint Systems announced on June 23 a definitive agreement to acquire OATSystems, which provides RFID-based application software and middleware, in an all-cash deal.
OAT's RFID applications limit out-of-stocks and track assets through the supply chain. Per Levin, worldwide president of shrink management and merchandising solutions for Checkpoint, said OAT has developed 200 use cases for RFID in a variety of retail environments.
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At the National Retail Federation's Loss Prevention conference here, Levin said the purchase fills "an important gap in our portfolio" and also gives Checkpoint the ability to be a "one-stop-shop" provider of shrink management solutions. In addition to its robust electronic article surveillance business--"EAS has been our story for 40 years," Levin said--the company boosted its theft protection offerings with its $142-million purchase of the S3 business from Alpha Security Products last November. Shortly after, Checkpoint released its software suite aimed at curbing internal theft.
Although RFID has been a buzzed-about technology within the security space, it has had a slower adoption rate than expected. Levin said it is a "complex" technology and end users are still weighing the benefits and return-on-investment the solution can offer within specific businesses.
"But RFID is happening in every vertical right now," he said. "Retail is the last adopter."
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