Payment Alliance International (PAI),
a leader in ATM portfolio management products and services, announced
today that it has acquired Massachusetts-based ATM operator ISA-Ecash.
The acquisition adds 40 plus financial institution customers with 960
ATMs located throughout the Northeast to PAI’s existing nationwide
network of more than 75,000 ATMs. The acquisition also encompasses
ISA-Ecash’s industry-leading ATM
Manager Pro software offering, which makes it easier for ATM
deployers to maintain total command of ATM and cash operations. ATM
Manager pro currently supports more than 270,000 ATMs across America.
“We are very excited about the capabilities ISA-Ecash has built over the
years and the value they will add to our portfolio management products
and services business,” said David Dove, chief executive officer for
PAI. “Jack O’Toole and Jim McGuire have built strong and enduring
relationships with their customers, and we look forward to having them
and the rest of ISA-Ecash’s employees join the PAI team,” added Dove.
“The combination of PAI and ISA-Ecash will provide tremendous value to
our combined customer base, said O’Toole, chief executive officer for
ISA-Ecash. Technology in the form of PAI Reports, services in the form
of Vantage and value-added products and services like dynamic currency
conversion will help fuel growth,” added O’Toole.
ISA-Ecash employees are being retained in the company’s Norwood,
Massachusetts offices. Terms of the agreement were not disclosed.
Boston-based Tremont Capital Group, a firm specializing in strategic
planning and merger and acquisition advisory services to the ATM
industry, advised the seller.
About Payment Alliance International (PAI)
Payment Alliance International (PAI) is the nation’s largest,
privately-held provider of ATMs, offering ATM portfolio management
products and services, including transaction processing, bank
sponsorship, maintenance, cash in transit (CIT) servicing and PAI
Reports, the company’s market-leading portfolio management toolset for
more than 75,000 ATMs. PAI provides portfolio management tools that
offer customers the most visibility and control to maximize ATM
portfolio effectiveness and profitability.
About ISA-Ecash
ISA-Ecash
is a full-service ATM management company headquartered in Norwood,
Massachusetts. The company has delivered solutions to financial
institutions, retailers and independent operators for more than 20
years, including ATM Manager Pro, an industry-leading offering used to
manage the effectiveness of 270,000 ATMs.
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