News

Cardtronics names VP of corporate development

January 30, 2002

HOUSTON -- Cardtronics has named Duane Batcheler as vice president of corporate development.

As director of corporate development for Card Capture Services, Batcheler managed all aspects of some 30 acquisitions before CCS was itself acquired by E*TRADE.

Hinting that Cardtronics is in the market to acquire other ISOs, Cardtronics CEO Mike Clinard said, "We anticipate his experience, industry knowledge and reputation will enable him to make a major contribution to our acquisition program. Our continued growth through the existing internal marketing programs will be complemented by the efforts of our new corporate development division."

According to a Cardtronics release, the company expects to more than double its currently installed base of 4,000 ATMs as it continues its expansion program this year. Cardtronics recently appeared as the 13th fastest-growing company in the Houston 100 Report on Private Companies, with estimated revenues of more than $27 million in 2000, an approximate increase of 100 percent over 1999.