Burroughs Inc., a provider of document and payment-processing image technology, as well as cash-automation solutions and services to FIs and retailers, announced it has acquired Absolute ATM Services Inc., a Houston, Texas-based provider of ATM equipment and services. Currently, Absolute ATM provides services to 1,600 machines and owns and operates more than 600 ATMs, many of which are outsourced to its clients.
Absolute ATM Services will be integrated into Burroughs Inc., strengthening its offering of maintenance services and transaction technology solutions. Going forward, Burroughs will be a preferred partner for ATM outsourcing services for A & S Datacash, Inc. a Houston, Texas-based provider of complete ATM Managed Services to Community Banks and Credit Unions.
"We are excited to bring Absolute ATM Services into our customer services organization, extending the benefits we offer our customers," said Alan Howard, president and CEO of Burroughs. "The acquisition of Absolute ATM Services further expands our maintenance services footprint and demonstrates our continued commitment to maintaining our position as a maintenance services market leader."
Regarding the acquisition, Troy LeBlanc, president of Absolute ATM Services Inc., said, "Joining forces with a company of Burroughs' expertise and extensive portfolio of customer services solutions solidifies our strategic vision. Our goal has always been to provide an unmatched level of personal service and attention to detail in the ATM industry."
Burroughs is owned by private equity firm Marlin Equity Partners, a leading private equity firm with over $1 billion of capital under management. Another recent acquisition by Burroughs was Solvport, a Portland, Ore.-based provider of outsourced services for ATMs and kiosks.
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