Sticky: Rick P. Engels To Play With Family’s WAND
Adrian J Cotterill, Editor-in-Chief
We’ve had legal spats with more CFOs than you can possibly imagine (as a ‘breed’ they seem to be particularly litigious) so we wanted to check this post out with our in-house legal team (well okay the mighty Phil Austin lets us borrow his) before bringing you news that Rick P. Engels has joined Eden Prairie, Minnesota-based WAND Corporation, a provider of Point-of-Sale and Digital Menu Board solutions for QSR and Fast-Casual Restaurants, as vice-president of business development.In a move that we can only describe as a bit like giving the keys of the asylum to the inmates he has been given responsibility for managing WAND’s sales, account management, and creative services teams.
In November 2005 Engels joined Petters Group Worldwide before moving onto BroadSign in May 2007 with a ringing endorsement from a man who is now serving 50 years in prison for fraud “Rick Engels has a wealth of knowledge and experience in bringing success to a variety of companies ranging from small private start-ups to large public corporations” said Tom Petters (then chairman and CEO of Petters Group Worldwide and primary shareholder of BroadSign) in July of the same year.
During Engels’ short tenure at BroadSign (at the beginning of February 2009 we wrote ‘Goodbye Mr Engels‘) he prepped them for an IPO, over-expanded, oversold and by all accounts made a bid for John Ryan for a mighty USD 80 Million (now that would have been a great investment wouldn’t it?) before it all came tumbling down when the PRIMARY shareholder (none other of course, than) Petters Group Worldwide was investigated for what in the end turned out to be a USD 3.65 billion Ponzi scheme.
After BroadSign, Engels went to work for a hedge fund that had invested in a company that had three different businesses. One of these was a deployment company renamed TechniqueUSA which Engels and partner Matthew Weldon (now general manager of digital media at Multiband Corporation) purchased and then sold at the end of 2011.
Dave Perrill, CFO of WAND was quoted as saying “The opportunity to add Rick to our team was something we couldn’t pass up,”
He continued “His consistent record of guiding organizations to success is well known. In addition, his thought leadership in Digital Signage and expertise in developing measurement systems will directly benefit our customers and, as a result, WAND.”
Err? Anyway. WAND Corporation serves thousands of restaurant locations worldwide with an end-to-end solution offering Point of Sale, Digital Menu Boards, Analytics, and Reporting.
WAND was founded by John Perrill Sr. in 1982 and was named for its first product: a remote entry device that restaurant staff considered a ‘Magic Wand’. It was a simple hand-held computer that transmitted orders taken from a restaurant dining room to the kitchen.
A family-owned company, WAND’s executives now include John Perrill Jr., CTO; Dave, CFO; and Greg COO.. WAND’s commitment to its clients has generated double-digit growth almost every year for over 10 years.
In our considered opinion there is only one reason why Engels has been recruited by the nowinPeril family and that’s cos’ WAND is now up for sale. Engel’s is no ‘builder’ – he was brought into BroadSign to IPO them – perhaps P. Rick will want to go back and acquire John Ryan, after all he could probably buy them for USD 25 Million now.
January 20th, 2012 at 14:12 @633
I couldn’t help but be amused (but not surprised) when I clicked on the prisoner’s picture…
January 20th, 2012 at 15:16 @677
And to think i was going to float wand my resume? Clicking on that picture indicates maybe not? And to think i thought John Ryan was the WORST company to work for. Apparently not. Thanks for the warning Adrian!
January 20th, 2012 at 16:31 @730
Hermes Orange top? very fetching indeed! Lie down with dogs and you get up with fleas!
January 27th, 2012 at 22:55 @997
The wand reviews on glassdoor are incredibly accurate. If they are inaccurate at all it would be in that they aren’t vicious enough.
July 3rd, 2012 at 14:53 @662
Take the glass door reviews with a grain of salt – most are written by low level TAC employees who either burned out, or were fired. It wouldn’t be fair to name specific names, but more than a few there are familiar. I, for one, love working for WAND. We work long hours, but this is a progressive software development company – if you don’t, you fail; plain and simple.
Your analysis is incorrect – WAND is not for sale, nor will it be in the near future.
August 13th, 2012 at 16:49 @742
Glass door reviews are more than accurate. The person the wrote the July 3rd comments is probably one of the Perrill’s. Wand is a mess and is laying off employees because of the financial mess they are currently in. Do not go to this company it is not the place for any self respecting professional.