News

Australian firm renews contract with Transoft International

March 30, 2011

Armaguard Group, Australia's leading Cash-in-Transit and currency management-service provider, has extended its relationship with Transoft International Inc., both companies recently announced.

As part of the contract extension, Armaguard has agreed to distribute the full suite of Transoft's software products for cash-cost optimization applications. In addition, Armaguard has signed up for another five-year continuation of these services, offered to customers by OptiCash and OptiNet systems, and an upgrade to the latest version.

"I am delighted with this extension of our long-standing partnership, as Transoft sees great opportunities in Australia and New Zealand," said Bo H. Holmgreen, president and CEO of Transoft.

Transoft, which is based in Cary, N.C., is a leading provider of currency supply chain management software solutions for ATM networks, banks and Cash-in-Transit companies.