M&A Deal Summary

Digital Check Acquires Burroughs Payment Systems - SmartSource Check Scanner and Receipt Printer Business

On September 19, 2016, Digital Check acquired technology hardware company Burroughs Payment Systems - SmartSource Check Scanner and Receipt Printer Business from Burroughs

Acquisition Highlights
  • This is Digital Check’s 1st transaction in the Technology Hardware sector.
  • This is Digital Check’s 1st transaction in the United States.
  • This is Digital Check’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-09-19
Target Burroughs Payment Systems - SmartSource Check Scanner and Receipt Printer Business
Sector Technology Hardware
Buyer(s) Digital Check
Sellers(s) Burroughs
Deal Type Divestiture

Target

Burroughs Payment Systems - SmartSource Check Scanner and Receipt Printer Business

Plymouth, Michigan, United States
Burroughs Payment Systems, Inc. - SmartSource Check Scanner and Receipt Printer Business all scanners and other equipment.

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Buyer(S) 1

Buyer

Digital Check

Northbrook, Illinois, United States

website


Category Company
Founded 1959
Sector Technology Hardware
DESCRIPTION

Digital Check Corp. is a provider of check scanners and document capture products for teller capture, branch automation, remote deposit capture, and remote lockbox applications. Digital Check’s award-winning TellerScan®, CheXpress®, BranchXpress®, and SB™ electronic scanners are the most reliable and cost-effective in the industry, and provide high-quality images with precise MICR accuracy.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Burroughs

Farmington Hills, Michigan, United States

website


Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Burroughs is an independent service and integration provider of payment and transaction technologies in North America. Burroughs was founded in 2010 and is based in Farmington Hills, Michigan.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Pendum

Elmhurst, Illinois, United States

Pendum is a national independent ATM service provider for ATMs and other cash automation equipment for national and community banks, credit unions, off-premise deployers, gaming and retail establishments. Pendum draws on more than 25 years of dedicated service to the ATM industry to bring customers flexible, consultative solutions that reduce costs and improve uptime.

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