News

Transoft forms a partnership

November 14, 2010

Transoft International Inc. and CTS CashPro today announced a partnership at the International Commercial Cash Conference in Malaysia.

CTS CashPro is the world's largest manufacturer of teller cash recyclers. Transoft is a privately held software company. Its OptiCash product is a leading currency supply chain management software platform for banks and ATM networks.

CTS CashPro and its global partners will be able to resell Transoft's OptiCash module as part of the agreement, said Bo H. Holmgreen, president and CEO of Transoft, which is based in Cary, N.C.

"CTS CashPro's recycling technology allows banks to decentralize the recycling of cash, thereby saving huge amounts every year," said Massimo Sirolla, vice president of sales at CTS CashPro. "Adding Transoft's dynamic cost optimization on top of that adds a whole new dimension of even better utilization and cost balancing, by allowing the bank an active management layer fully focused on the short- and long-term costs associated with each device in each location."