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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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