Burroughs Acquires Absolute ATM Services, Inc.
PLYMOUTH -- Burroughs Inc. Tuesday announced the acquisition of Houston, Texas-based Absolute ATM Services Inc.
Absolute provides a broad range of ATM equipment and services for financial institutions.
Burroughs said Absolute will be integrated into Burroughs, further strengthening one of the nation's largest providers of transaction hardware maintenance services and transaction technology.
Going forward, Burroughs will be a preferred partner for ATM outsourcing services for A & S Datacash Inc. a Houston, Texas-based provider of ATM managed services to community banks and credit unions.
"We are excited to bring Absolute ATM Services into our customer services organization extending the benefits we offer our customers," said Burroughs president and CEO Alan Howard. "The acquisition of Absolute ATM Services further expands our maintenance services footprint and demonstrates our continued commitment to maintaining our position as a maintenance services market leader."
Added Troy LeBlanc, president of Absolute ATM Services: "Joining forces with a company of Burroughs expertise and extensive portfolio of customer-services solutions solidifies our strategic vision. Our goal has always been to provide an unmatched level of personal service and attention to detail in the ATM industry."
Burroughs is owned by Marlin Equity Partners, a private equity firm with more than $1 billion of capital under management. With more than 100 years of history, Plymouth-based Burroughs is recognized as the industry leader in image processing technology from Web-enabled branch and merchant capture devices to high-speed reader/sorters in some of the largest payment-processing centers worldwide.
For more information, please visit www.burroughs.com.
Absolute ATM services 1,600 machines and owns and operates more than 600 ATMs, many of which are outsourced to its clients.
