Comdata Acquires Datamark Technologies, Inc.BRENTWOOD, Tenn. -- Comdata Corporation and its subsidiary, Stored Value Systems, Inc. (SVS SVS - OS/VS2 ), a leading provider of gift cards and stored value services, announced today the acquisition of the business of Datamark Technologies, Inc., a provider of integrated stored value and customer loyalty programs. Terms of the transaction were not disclosed. Datamark, headquartered in Princeton, N.J., is a privately owned corporation that provides turnkey stored value solutions to more than 200 clients in the retail, hospitality, oil and gas, travel and telecommunication industries throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "This acquisition brings together two leading solution providers in their respective areas of the gift card industry," Jack Kaplan, Datamark co-founder and president, said. "It offers both companies' customers stronger end-to-end support including loyalty solutions and exceptional transaction depth." SVS, located in Louisville, Ky., with almost 200 employees, serves more than 200 retail clients with gift card solutions--transaction processing, loyalty programs, card production and management--including Lowe's, Hollywood Video, Linens 'n Things Linens 'n Things, Inc., headquartered in Clifton, New Jersey, is the second-largest large-format retailers of home textiles, housewares and decorative home accessories in the United States, behind Bed Bath & Beyond. and Costco. "We are proud of our achievement among large national retailers," Bob Skiba, SVS executive vice president and general manager, said. "The addition of this outstanding company is part of our strategy to strengthen our offerings to small- and mid-sized retailers. Datamark also brings notable strength to our stable of card-based customer loyalty products." "Datamark has been especially active in bringing excellent integrated loyalty, promotion and pre-paid solutions to the marketplace and is very complementary to Comdata's and SVS' innovative achievements in this industry," David Berk, Datamark co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said. "Furthermore, we are pleased to join a company which, like us, values and provides exceptional customer service that will enhance the success of Datamark's customers." About Stored Value Systems Since introducing the first-ever magnetic-striped retail gift card to shoppers in 1995, Stored Value Systems, Inc. (SVS) is one of the world's leading providers of electronic gift cards and other card-based transaction programs. International retailers rely on SVS to create customer loyalty, increase sales and strengthen their competitive position in the retailer marketplace. Headquartered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , SVS is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Comdata(R) Corporation. For more information, visit www.storedvalue.com. About Comdata Corporation Comdata Corporation (www.comdata.com) is redefining the movement of money and information through technology for businesses, their customers and employees. A leading provider of transaction and payment services, Comdata provides credit and debit processing and reporting for commercial fleets and merchants, electronic cash, gift and smart/chip card programs for retailers and governmental agencies, Comchek eCash payroll services for food, retail and other service industries, and point-of-sale equipment, software and auxiliary services for merchants and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. . Headquartered in Brentwood, Tenn., Comdata employs more than 1,400 people internationally. Comdata is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE NYSE See: New York Stock Exchange : CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. ). About Datamark Technologies Datamark Technologies, Inc. (www.datamarktech.com) is a leading provider of stored value and customer loyalty programs. Datamark serves the retail, restaurant, hospitality, and travel industries throughout Northern America. Datamark offers turnkey solutions, including all hardware and software, system integration, customer service and technical support, report generation, and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. database analysis software. For more information about Datamark, visit www.datamarktech.com. |
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