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Posts Tagged ‘history’

ATM Network honors employee’s eight years of service

Wednesday, May 27th, 2009

Steve Fisher, a member of the ATM Network sales team, recently marked eight years of service to the company.

At a celebration last week, ATM Network founder and owner Phil Rock presented Steve with a cake, a bonus and some time to reflect on the past eight years. Phil and sales manager Chad Woolson told stories about the company’s early days, from its founding in Phil’s basement to its first office in a strip mall in Minnetonka.

Steve has contributed greatly to the growth of ATM Network through his long and dedicated service. But he’s hardly alone. Our 25 employees represent nearly 120 years of combined experience in the ATM industry. Next month we will celebrate three more anniversaries with a combined 35 years of experience.

Such longevity and experience is why ATM Network continues to weather changes that have seen competitors come and go. Our staff of competent and committed professionals support each and every machine and transaction, a level of service that no other provider can touch.

Triton/Hyosung merger called off

Wednesday, May 27th, 2009

About a year ago, Korea-based ATM manufacturer Nautilus Hyosung announced plans to buy its U.S.-based rival, Triton Systems, for $63 million. The move triggered some concern about reduced competition in the industry, as it would leave only Tranax Technologies and WRG as major independent makers of ATMs.

The resulting government anti-trust scrutiny apparently proved fatal to the deal. Yesterday, Triton and Hyosung called off the merger.

James Phillips, director of North American sales for Triton, said both companies have been going through the anti-trust review with the Department of Justice (DOJ) and yesterday decided to walk away from the deal due to challenges that appear to be continuing with the DOJ and the anti-trust review process.

“It looked like impediments with the DOJ were going to continue on and it was better to just stop and go our separate ways,” Phillips said.

Triton said it will continue as an independent company, suggesting it would not immediately seek another buyer.

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