Industry leader in cross-channel software, Phoenix broadens Diebold's capabilities --
maximizing the company's branch automation solutions around the
globe
NORTH CANTON, Ohio,
March 16, 2015 /PRNewswire/
-- Diebold, Incorporated (NYSE: DBD) today announced it has
acquired Phoenix Interactive Design, Inc., a world leader in
developing innovative software solutions for automated teller
machines (ATMs) and a host of other financial self-service
applications.
Headquartered in London,
Ontario, Phoenix brings
more than 25 years of banking industry experience by creating
highly configurable, enterprise-wide software that automates and
migrates financial services across channels -- changing the way
financial products are delivered to consumers through
technology. Phoenix's
customers include some of the world's most prominent financial
institutions (FIs), including TD Canada Trust, National Australia
Bank Group and Fifth Third Bank.
"Diebold's acquisition of Phoenix is an important milestone in our drive
to transform to a services-led, software enabled company," said
Andy W. Mattes, Diebold president
and chief executive officer. "There are many synergies between our
companies. We will integrate the talent of the Phoenix team and take advantage of our reach
to expand the Phoenix solution in
more global markets. Acquiring Phoenix is a key foundational
move to accelerate our growth in the fast-growing managed services
and branch automation spaces."
The expertise and proven capabilities Phoenix provides will allow Diebold to offer a
stronger, more compelling software solution that complements the
company's existing services and security expertise.
Phoenix delivers a comprehensive
offering with a consistent, user-friendly interface across the
self-service channel and a FI's entire banking ecosystem --
regardless of the vendor hardware environment.
Alan Kerr, Diebold executive vice
president, software, will lead the Phoenix operation, which will serve as the
foundation of Diebold's software business moving forward.
Phoenix has approximately 200
employees, who will be retained as part of Diebold.
Kyle MacDonald, chief executive
officer of Phoenix, is retiring
from the self-service industry and will remain active during the
integration for a period of time to ensure a seamless
transition.
"Phoenix enables Diebold to
move further up the value chain, with broader architectural
capabilities and expanded competencies in banking transformation,"
Kerr said. "Coupling Phoenix with our global reach and resources,
we expect Diebold to be a more integral partner in meeting FI
demands for software functionality and ease of use, as well as
ongoing demands in security and availability."
Kyle MacDonald, chief executive
officer, Phoenix Interactive Design, said, "I am confident that
Diebold will bring tremendous growth opportunities for the
Phoenix team, and will add
impressive value to Phoenix's
clients."
Financial terms of the acquisition are not being immediately
disclosed.
About Phoenix Interactive
Based in London, Ontario, Canada, Phoenix Interactive
is the world's first and leading provider of Windows-based
multi-vendor ATM software. For more than 25 years, Phoenix has helped financial institutions
around the globe forge competitive positions in self-service
banking. The company pioneered some of the industry's most dramatic
innovations including web-enabled ATMs, deposit automation,
customer preferences and targeted marketing. For more information
about Phoenix Interactive, please visit
www.phoenix-interactive.com.
About Diebold
Diebold, Incorporated (NYSE: DBD) is a
global leader in providing innovative self-service technology,
security systems and related services. Diebold has approximately
16,000 employees worldwide and is headquartered near Canton, Ohio, USA. Visit Diebold at
www.diebold.com or on Twitter:
http://twitter.com/DieboldInc.
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SOURCE Diebold, Incorporated