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Checkpoint Systems

Develops technology to prevent retail theft.

Headquarters:
One Commerce Square, 2005 Market St.
Philadelphia, PA 19103
Employees: 6,565
CEO: Robert van der Merwe
Stock Symbol: CKP

Website: http://www.checkpointsystems.com

Career Site

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.

In 2011, Checkpoint reported record revenues of $865.3 million and net loss of $66.5 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.

Benefits

Checkpoint offers a comprehensive compensation and benefits package including performance incentive plans, 401(k), employee stock purchase plan, tuition reimbursement and more in an employee-focused and goal-oriented organization.

Updated May 6, 2012