Marlin Equity Partners has acquired the check and cash automation equipment and related U.S. maintenance, printer and direct supply business of Unisys Corp.
According to a news release from Marlin Equity, the acquisition has led to the formation of a new company called Burroughs Payment Systems Inc. Burroughs provides hardware and related services that address image-capture and payment processing for financial institutions, remittance processors, and retailers throughout the world. The company's products and services allow users to process check and cash payments quickly and securely, while reducing operating costs and improving efficiencies related to payment processing.
"Burroughs is a market leader in the payment processing industry with a brand that has been recognized for over 100 years," said Andy Martinez, principal at Marlin. "Marlin will enable Burroughs to pursue an aggressive growth strategy by leveraging the company's brand, cutting edge technology and experienced management team."
