Zebra Acquires Hart for $94 Million

Zebra Acquires Hart for $94 Million

  • Jan 09, 2014

Zebra Acquires Hart for $94 MillionZebra Technologies Corporation has acquired Hart Systems, a provider of cloud-based physical inventory management solutions, for approximately $94 million in cash, subject to applicable post-closing adjustments.

The seller, Topspin Partners LBO, is a Long Island, NY-based private equity firm focused on the lower-middle market. The acquisition strengthens Zebra's leadership position in serving the retail industry with a broad portfolio of innovative offerings, including software and hardware solutions for inventory management and pricing, mobile point-of-sale and a broad set of applications for personalized customer engagement to deliver unique customer insights and efficient retail operations. The transaction is expected to be immediately accretive to Zebra's earnings.

"As the recognized leader in self-managed inventory solutions, Hart gives retailers better tools to optimize in-store inventories in an environment of increasingly complex global supply chains," stated Anders Gustafsson, Zebra's chief executive officer. "It is an excellent strategic fit for Zebra. Hart's solutions add high-value software and data analytics capabilities to Zebra, and increase our presence within the Internet-of-Things ecosystem. The business expands the portfolio of products, solutions and services Zebra provides to current customers, and gives us important relationships with new ones."

Headquartered in Hauppauge, NY, Hart Systems provides solutions that enable retailers to conduct self-directed in-store inventory operations. The company's innovative cloud-based Software-as-a-Service solutions deliver significant cost savings, improved accuracy, greater control, and real-time web-based data analytics over competing methods of physical inventory management. Hart's solutions incorporate mobile computing terminals from leading automatic identification companies and provide a proven return on investment. Hart System's customers include leaders in a broad range of retail segments including apparel, grocery, consumer electronics, convenience and automotive.

"We are thrilled to be entering into an exciting new era with Zebra Technologies," stated Edward Tonkon, Hart's chief executive officer. "From the outset of our involvement with Zebra, we recognized several opportunities to create value for our customers. Being part of Zebra Technologies will enable us to accelerate the realization of our long-term growth opportunities through building on Zebra's industry-leading solutions and global reach."

Featured

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

Most   Popular

New Products

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.