RESTON, Va. - Transaction Network Services Inc., which provides business-critical network and data communications services for transaction-oriented applications, acquired the assets of FusionPoint Technology Solutions from TechLAN Inc., according to a news release.
FusionPoint provides electronic-technology data communications products and services to the convenience-store and service-station markets.
The assets purchased include customer and vendor contracts, inventory and equipment, and certain intellectual property rights. As part of the acquisition, TNS is hiring the four key FusionPoint employees.
"FusionPoint by TNS is an expansion of our existing retail link strategy, which makes it easier for retailers to manage connectivity," said Heidi Goff, executive vice president and general manager, TNS Point-of-Service division. "TNS is thrilled to immediately offer this business-beneficial technology to convenience stores and service stations across the country."
FusionPoint by TNS designs and installs turnkey solutions that integrate legacy devices into an IP network. It provides a single point of communication for multiple channels.
"Our solution simplifies convenience and petroleum store systems," said Matt Mudd, executive vice president of technology for TNS. "We enable stores to more effectively and easily operate and maintain their communication networks, while containing costs and preserving capital."
Demonstrations of FusionPoint by TNS will be available at NACStech 2005 May 16-18 in Nashville, Tenn.
