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Burroughs buys ATM services and equipment provider Pendum

The deal creates the nation's largest independent multivendor provider of equipment maintenance and technology solutions for check and cash transactions, Burroughs says.

February 2, 2015

Burroughs Inc. today announced its acquisition of Pendum LLC, a Chicago-based provider of ATM services and equipment for financial institutions and independent ATM deployers.

A press release from Burroughs said that the combination of the two companies creates the nation's largest independent multivendor provider of equipment maintenance and technology solutions for check and cash transactions.

Alan Howard, president and CEO of Plymouth, Michigan-based Burroughs issued a statement about the acquisition:

The combination of the companies' resources along with their national and local presence will deliver a more comprehensive set of products and services to the ATM market. Pendum's management team has done a good job of building a solid and successful operation and bringing top quality services to the ATM market. The integration of Pendum into Burroughs expands our product and maintenance services footprint and further demonstrates our commitment to be the ATM maintenance services market leader.

Brad Browder, president and CEO of Pendum, also offered his remarks:

We are pleased to combine Pendum with the strengths of Burroughs' national network and sizeable resources to meet the demands of the ATM marketplace and deliver customized ATM products and unparalleled services to customers.

Burroughs is owned by Marlin Equity Partners, a private equity firm with more than $3 billion of capital under management.

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Burroughs, Inc.

As the largest independent services provider in North America, Burroughs delivers comprehensive lifecycle management for the full range of payment and transaction automation, unattended self-service technology, robotic automation systems, and other connected IoT devices through our integrated Burroughs Digital Platform.

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