THE COLONY, Texas -- Armor Safe Technologies LLC has closed on the acquisition of the Bolton, Ontario-based NamSYS commercial self-service product line. This acquisition will expand the market of Armor's CacheSYSTEM line of cash-counting and cash-dispensing safes.
Armor now has a complete product line for a variety of cash-handling businesses.
The company will immediately begin the integration of the NamSYS product line into the CacheSYSTEM business with target completion of the transition slated for first-quarter 2007.
The NamSYS products and related NamSYS MCS software will [image-nocss] give us access to high-volume cash-intensive businesses, said Larry Robinson, president of Armor Safe, The Colony, Texas. Over the next year, we will be investing heavily in marketing and engineering to accelerate the momentum NamSYS has created.
The NamSYS CacheNET allows cash-intensive businesses to deposit up to 150 notes at a time into a 5,000 note cassette, he said.
The benefits of the NamSYS product line include:
Better control of money. Many users receive a return on their investment in less than 12 months due to reduced internal theft and error. Greater accountability. The flexible and powerful reporting system records every transaction by user, time and date, providing a complete audit trail of more than one year of data. Time savings. The deposit is electronically validated, counted and secured within a cassette that can be taken directly to the bank, saving managers an hour or more on average each and every day, time they can spend making the business run more efficiently and profitably. Increased employee security. Cash exposure is significantly reduced because managers no longer spend hours counting and recounting cash in their officethe deposit is automatically counted. Software. The included software interfaces to POS systems as well as providing notification of key management information via email.Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.