News

TNS acquires some assets from U.S. Wireless Data

May 25, 2004

RESTON, Va. - TNS, Inc. (NYSE: TNS) a provider of data communications services for transaction-oriented applications, has acquired certain assets of U.S. Wireless Data, Inc., the provider of wireless transaction delivery and gateway services to the payments processing industry that filed bankruptcy under Chapter 11 in March 2004.

TNS acquired the Synapse platform, which enables wireless point-of-sale/point-of service transactions in existing as well as expanding vertical markets, according to a news release. Synapse offers wireless payment solutions for a variety of merchants including taxi and limousine companies, towing services, arts and crafts shows and outdoor markets. 

"This is the first acquisition for TNS since going public in March and is exactly the type of strategic acquisition we will continue to look for in the future," said Jack McDonnell, chairman and CEO of TNS. "Not only does this acquisition augment our current wireless abilities, but the addition of the Synapse capabilities broadens our wireless data transport services and helps to jump start our entrance into new markets such as quick serve restaurants."