News

RenovITe Technologies acquires Q-ATM, ramps up for growth

October 13, 2017

RenovITe Technologies Inc., a Fremont California-based provider of payment solutions, has acquired U.K.-based Q-ATM Ltd., a provider of payments solutions and services for the ATM and transaction processing industries.

According to a press release, Q-ATM consulting capabilities will complement RenovITe payment products and professional services, and will increase the latter company's ability to deliver payments solutions to financial institutions, processors and retailers.

Pursuant to the acquisition by RenovITe, Q-ATM Managing Director Jim Tomaney will join the RenovITe executive team as Chief Operating Officer. Tomaney's past experience includes positions with ACI Worldwide, Barclays Bank, Wincor Nixdorf and FIS, as well as consulting engagements with First Data, Clear2Pay and FSS Technologies.

Tomaney joins other recent appointees in key roles at RenovITe:

• Matt Scott has been appointed Chief Technology Officer and will oversee the development of the company’s integrated suite of payments processing solutions. He worked previously with NCR Corp., ACI Worldwide, Wincor Nixdorf and Barclaycard.
• Issa Keshek will lead Middle East and Africa sales. He has previous experience with Level Four Software, Clear2Pay (now FIS), CR2 and NCR.
• Mark Simerly will lead U.S. and Canada sales. He worked previously with ACI Worldwide and Paragon Application Systems.