WASHINGTON (dpa-AFX) - Diebold, Inc. (DBD) said it has acquired Phoenix Interactive Design, Inc., a provider of software solutions for automated teller machines and other financial self-service applications. Financial terms of the deal were not disclosed.
Headquartered in London, Ontario, Phoenix brings more than 25 years of banking industry experience by creating enterprise-wide software that automates and migrates financial services across channels. Diebold noted that the acquisition of Phoenix will broaden its capabilities and maximize its branch automation solutions around the globe.
Andy Mattes, Diebold president and chief executive officer said, 'Diebold's acquisition of Phoenix is an important milestone in our drive to transform to a services-led, software enabled company. There are many synergies between our companies.'
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 about 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.
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