B.O.S. Better Online Solutions
|Traded as||NASDAQ: BOSC|
|Headquarters||Rishon LeZion, Israel|
|Key people||Yuval Viner (CEO) |
Avidan Zelicovsky (Pres.)
|Services||Information technology services|
|Revenue||US$ 33.187 million (2010)|
|Operating income||US$ 1.257 million (2010)|
|Net income||US$ –0.635 million (2010)|
B.O.S. Better Online Solutions specializes in RFID solutions as a more efficient alternative to the traditional barcode object identification method. In an interview with The Wall Street Transcript in 2008, president Shmuel Koren commented that the use of RFID is expected to expand rapidly as the cost of RFID tagging declines, regulatory institutions increasingly approve RFID technology, and companies recognize the potential of RFID to increase efficiency.
B.O.S. Better Online Solutions was founded in 1990 by Israel (Izzy) Gal as a spinoff of Intelligent Information Systems, an Israeli company where Gal worked as a product manager that built customized terminal solutions for domestic AS/400 customers. In its early years B.O.S. specialized in twinax terminal emulation software. In 2009 B.O.S. sold the rights to its e-Twinax Controller, a controller providing TCP/IP compatibility with older twinax devices without the use of SNA, to Phoenix-based 10ZiG Technology. In 2010 B.O.S. closed its two U.S. supply chain subsidiaries (formerly Summit Radio Corp.) due to turbulence in the executive jet market.
In 1996 B.O.S. began trading on what was then the Nasdaq SmallCap Market (today the Nasdaq Capital Market), and in 2000 the company's shares were upgraded to the Nasdaq National Market. Between 2002 and 2009 B.O.S. shares were listed on the Tel Aviv Stock Exchange. In 2009 B.O.S.'s shares were transferred to the Nasdaq Capital Market.
In 2004 Adiv Baruch replaced founder Israel Gal as CEO of the company. In 2006, Baruch was replaced by Shmuel Koren. Koren resigned in 2008 and was succeeded by Shalom Daskal. Daskal left the company in 2009, his place taken by Yuval Viner. Viner has been CEO of the company since 2009.
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