Unicru and Radiant Systems Announce Strategic Alliance
Contact:
Kim Beasley
PR Manager
kbeasley@unicru.com
503/596-3409
Unicru Inc.
9300 SW Nimbus Ave.
Beaverton, OR 97008
www.unicru.com
Alliance First to Address Workforce Optimization throughout the Employee Lifecycle
Atlanta and Portland, Ore.- February 19, 2003 - Unicru, Inc. and Radiant Systems, Inc. (NASDAQ:RADS) today announced a strategic alliance that aims to create synergies between the companies` product lines and reduce client costs through sharing infrastructure across applications. The companies plan to interface the Unicru Hiring Management System with the Web-based Radiant 6e(tm) Workforce Management solution as well as deliver Unicru`s hiring solution via Radiant Systems` kiosks.
"A system that combines Unicru`s and Radiant Systems` products will enable a streamlined process from hiring to active employment by sharing data, infrastructure, and a seamless workflow," said John Heyman, co-chief executive officer of Radiant Systems. "We feel that Unicru`s industry-leading solution is an excellent complement to Radiant 6e(tm), and that an alliance between our companies will offer significant value to our mutual clients."
According to Chris Marsh, Unicru president and CEO, "The alliance between Unicru and Radiant Systems will allow our joint customers to more effectively manage the employee lifecycle, giving store managers more time to focus on site operations, while optimizing their employee quality and effectiveness."
How will it work?
With a combined Radiant/Unicru system, job candidates will use the Unicru solution to complete an electronic job application and custom-designed assessment questions on an Intel®-based Radiant Systems kiosk. Upon completion of the application and assessment, responses will immediately be transmitted to Unicru`s secure database where they will be processed and evaluated against criteria derived from successful employees. The hiring manager will use a Web desktop to review pre-hire summaries, including an easy-to-read completed application form and a candidate report recommending follow-up interview questions.
Once an employee is hired, the Unicru solution will automatically send the employee`s data to Radiant 6e(tm) Workforce Management, which manages time and attendance, labor scheduling, labor forecasting, and online learning. In addition, performance data collected by Radiant 6e(tm) throughout an employee`s job tenure will be integrated into Unicru`s closed-loop reporting system for refinement of assessments to continually improve the hiring process.
About Radiant Systems
Founded in 1985, Radiant Systems, Inc. builds and delivers solutions for managing site operations of retail and hospitality businesses. Providing enterprise-wide visibility, Radiant`s back-office and point-of-sale technology enables businesses to deliver exceptional customer service while improving profitability. Headquartered in Atlanta, Radiant (www.radiantsystems.com) has deployed its solutions in more than 55,000 sites worldwide.
About Unicru
Unicru, Inc. is the leading provider of hiring management systems. Unicru has processed more than 10 million job applications and evaluates approximately one application per second during the average U.S. workday. Clients include Universal Studios, Blockbuster Entertainment, Metro One, Kroger, and Bennigan`s. On average, Unicru customers decrease employee turnover by 10-40 percent and reduce hiring time by more than half. For more information, visit the company`s Web site at www.unicru.com.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company`s financing plans; (ii) trends affecting the Company`s financial condition or results of operations; including the ability to integrate the operations of acquired businesses; (iii) the Company`s growth strategy and operating strategy; (iv) the Company`s new or future product offerings, and (v) the declaration and payment of dividends. The words "may," "would," "could," "will," "expect," "estimate," "anticipate," "believe," "intend," "plans," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company`s ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company`s reliance on a small number of customers for a larger portion of its revenues, fluctuations in its quarterly results, ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company`s filings with the Securities and Exchange Commission.
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