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ATS Money Systems, Inc.

ATS Money Systems, Inc., a leading provider of cash handling systems and software, was acquired by De La Rue, PLC, a UK based company that is the world’s largest commercial security printer and paper maker, involved in the production of 150 national currencies and a wide range of security documents such as stamps and vouchers as well as protection.  De La Rue is also a leading provider of cash handling equipment and solutions to banks in its Cash Systems division.

ATS, founded in 1979 and located in Englewood, New Jersey, is a leading technology company engaged in the design, sale and service of back-office currency management systems, software and products to automate the processing, accounting, and control of high volume sales transactions in the retail industry.

Until the transaction with De La Rue, its shares were traded over-the-counter as a NASDAQ BB stock under the symbol ATSM.  It had approximately 55 employees.  Its President and Chief Executive Officer, Gerard F. Murphy, was also a major shareholder of the Company.

 Pietro Armanini, managing director of the De La Rue Cash Systems Division, commented on the transaction:

 “De La Rue is well known for cash management systems in the banking industry but increasingly organizations in retailing, vending, travel and gaming markets are seeing the benefits of lower costs, higher service, and security, whilst still meeting the consumer’s preference for cash based transactions.  Through the acquisition, De La Rue can now provide a complete hardware, software, integration and support solution to these companies.

 We also welcome the ATS team who will add sector-specific knowledge and considerable technical solutions expertise to our existing operations as we develop in-store cash solutions.”

 

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