Burroughs Acquires TRM Copy Centers/Solvport

PLYMOUTH, Mich., June 21, 2012 /PRNewswire/ -- Burroughs Payment Systems, Inc. is pleased to announce that it has acquired TRM Copy Centers/Solvport, a Portland-based provider of self service ATM and Kiosk technology, Convenience Copier services and a wide range of multi-vendor support services throughout the United States. 

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The combination of TRM Copy Centers/Solvport and Burroughs creates a powerful service delivery organization to serve the growing need for national servicing alternatives in the cash, self service, and specialty products' markets. The acquisition broadens and enhances the Burroughs multi-vendor service offerings.

"TRM Copy Centers/Solvport and Burroughs share a common strategy in servicing. Our customers will now have access to greater resources in support of their technology. The combination of our talented personnel, support infrastructure, technology, and shared goals of services growth make this an excellent marriage. When customers are looking for quality service no matter where they are located, we want them to think of Burroughs," states Alan Howard, President and CEO of Burroughs.

About Burroughs Gary Cosmer, President and Chief Executive Officer of TRM Copy Centers remarks, "Working with our base of over 10,000 retail and off-premise ATM ISO customers, we have developed a highly flexible service infrastructure. It is a natural next step to leverage that infrastructure and our retail experience combined with Burroughs product development capability and base of highly skilled, service engineers to bring new product and service offerings to the market with the goal of being the best in the industry at what we do. Our merger with Burroughs, one of the leading providers of products and services to the financial services industry, makes for an unbeatable combination."

Burroughs is backed by Marlin Equity Partners, a leading private equity investment firm with over $1 billion of capital under management.

About Burroughs
Burroughs is a Plymouth, Mich. based global provider of document and payment- processing image technology, cash-automation solutions and services to financial institutions and retailers. Its products provide banks and commercial customers with safe, secure and prompt document and cash processing that improves operational efficiencies and payment security.  With more than 100 years of history, 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

About Solvport
Solvport, a division of TRM Copy Centers is a national leader in the outsourced, off-premise ATM & Kiosks services industry providing help desk technical support, field service, parts, and project management for over 120,000 locations nationwide. Their customers include leaders in the ATM Independent Sales Organization (ISO) and financial services industry. For more information, please visit www.solvport.com

About TRM Copy Centers
TRM Copy Centers, LLC is the leading nationwide provider of self-service convenience photocopy services in the retail environment. TRM Copy Centers operates more than 12,000 copy centers throughout the United States, and supports some of the country's largest and most successful retailers including grocery, convenience and drug store chains as well as thousands of independently owned businesses. For more information, please visit www.trmcopycenters.com.

For additional information, please contact [email protected]

SOURCE Burroughs Payment Systems, Inc.