Accellos Acquires Radio Beacon, a Leading Supplier of Warehouse Management Solutions.

COLORADO SPRINGS, Colo. -- Accellos Inc., a leading provider of logistics, transportation, warehouse and mobile fleet management solutions, has acquired Radio Beacon Inc., based in Toronto, Ontario, it was announced today by Mike Cornell, Chairman and CEO of Accellos.

Radio Beacon is a major provider of warehouse management (WMS) technology solutions for the logistics industry. The acquisition will expand Accellos' logistics capabilities and provide an opportunity to establish the combined company as a leader in the logistics, 3PL and WMS software market. Financial details of the acquisition were not disclosed.

"Radio Beacon has an outstanding history of developing and integrating innovative warehouse management software solutions," Cornell said. "Their commitment to their high-quality employees, loyal customers and the growing reseller channel will help us expand our leadership in the growing WMS and logistics software market. We will combine Radio Beacon's established solutions with Accellos' capabilities, financial strength and expanding infrastructure. Their product line will be part of the foundation of our new offerings and we plan to expand it both functionally and geographically."

"The acquisition of Radio Beacon by Accellos is a great opportunity for our customers," said Dale Jeffries, President of Radio Beacon. "The combined strength of our companies will benefit our customers through greater investments in product development and our employees will benefit from greater resources and opportunities."

About Accellos

Accellos is a global provider of logistics, 3PL transportation, warehouse and mobile fleet management solutions. Accellos' powerful supply-chain execution solutions are easy to customize and implement, providing our customers with more innovation for less investment and producing significant savings and greater profitability. Through a culture of innovation, Accellos strikes the perfect balance among customer satisfaction, employee fulfillment and shareholder value. The outcome of our focus is a quick return on investment for our customers and accelerated logistics and warehousing services for the clients they serve.

About Radio Beacon Inc.

Radio Beacon is a developer of warehouse management software that adapts with the growing business needs of third party logistics providers, manufacturers and distributors. Radio Beacon solutions extend customer accounting systems such as Microsoft, Sage and SAP, to produce high-performance supply chains that deliver accurate and compliant shipments while improving operational procedures and reducing costs. Radio Beacon warehouse management software integrates seamlessly with barcode, RFID and material handling technology.