Checkpoint
Systems
Develops technology
to prevent retail theft.
Headquarters:
101 Wolf Dr.
Thorofare, NJ 08086
Employees: 3,900
CEO: Robert van der Merwe
Stock Symbol: CKP
Website:
http://www.checkpointsystems.com
Checkpoint Systems, Inc. is the leading
supplier of retail shrink management solutions. Checkpoint's
global team helps retailers - and their suppliers - reduce theft,
increase inventory visibility and provide consumers with greater
merchandise availability through the company's rapidly evolving
RF technology, expanding shrink management offerings and Check-Net
labeling solutions. Checkpoint has more than one million RF devices
installed in stores today and has secured more than 100 billion
products.
The company has subsidiaries in 30 countries
and has grown through acquisitions.
Checkpoint has built its Electronic Article
Surveillance (EAS) strategy on paper-thin, disposable, non-contact
deactivatable RF tags and labels. A Checkpoint EAS tag or label
permits retailers to price, merchandise, collect information
and protect products without interfering with normal store operations.
During the fourth quarter of 2007, the
Company announced three acquisitions: Alpha S3, a comprehensive
line of security solutions designed to protect high-theft merchandise
in an open-display retail environment, SIDEP, a provider of Radio
Frequency (RF) Electronic Article Surveillance (EAS) products
and Shanghai Asialco Electronics Co., Ltd. (Asialco), a China-based
manufacturer of RF-EAS labels.
In 2007, Checkpoint reported record revenues
of $834.2 million and net income of $58.7 million.
History
The company was founded in 1969.
In 1986, Checkpoint entered the electronic
access control industry when it acquired Sielox Systems, Inc.
of Sunnyvale, CA.
In 1989, Checkpoint introduced radio frequency
(RF) source tagging, a technology that embeds Checkpoint's paper-thin
RF labels into products or packaging during manufacture.
In 1994, Checkpoint acquired Alarmex, now
Checkpoint Security Systems Group, a privately held CCTV manufacturer
based in Eden Prairie, MN. The acquisition expanded the company's
already extensive product line and added centralized burglar
and fire alarm monitoring capabilities.
Updated February 27, 2008
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