ALPHARETTA, Ga. — PDI, a global provider of enterprise management software for the convenience retail and petroleum wholesale industries, has signed a definitive agreement to acquire Orbis Technologies Ltd (Orbis Tech), a global provider of cloud-based point of sale (POS), back-office and home-office business products.
The acquisition enhances PDI's international software offerings with a POS, back-office, and home-office cloud platform designed to simplify complex in-store and forecourt operations. In addition, Brad McGuinness joins PDI as senior vice president of PDI POS solutions, bringing more than 30 years of experience in POS technology and the petroleum and convenience retail industries.
Orbis Tech has developed modular POS, cloud-based back-office and home-office software. PDI will continue to invest in the platform to accelerate delivery and ensure ongoing global operational support for customers.
"We've built a powerful single stack suite of solutions for hospitality, convenience and fuel retail and are excited to join the PDI team," said Orbis Tech CEO Jorundur Jorundsson. "Together, we'll be able to innovate and deliver even faster so we can build upon our robust software leveraging PDI's expertise in retail back-office operations, network security and protecting critical data and assets."
McGuinness joins PDI to oversee its POS products, including the Orbis POS, back-office and home-office cloud platform. Before joining PDI, McGuinness held several leadership positions during his more than 25 years with Verifone. He was responsible for bringing Ruby, Commander, Topaz and the Verifone Mx multilane pin pad family of products to the retail and petroleum industries. Early in his career, McGuinness led standards development initiatives with Conexxus. He currently serves on the NACS supplier board.
Berenson & Company served as exclusive financial advisors to PDI in connection with the transaction.
Professional Datasolutions Inc. (PDI), based in Alpharetta, Ga., helps businesses and brands increase sales, operate more efficiently and securely and improve critical decision-making. Since 1983, the company has served the convenience retail and petroleum wholesale industries. More than 1,500 companies, representing more than 200,000 locations worldwide, use PDI’s solutions and expertise to deliver convenience and energy.