Glory Global Solutions Extends Software Capabilities Through the Acquisition of Reevex

Glory Global Solutions Ltd, a wholly owned subsidiary of GLORY Ltd. [TYO:6457], has acquired 100% of the issued share capital of REV Ventures LLC, aka Reevex, a leader in creating secure self-service and kiosk transaction software.

Atlanta, Georgia-based Reevex develops software solutions that address consumers’ and business’s needs for secure physical transactions. With nearly 15 years’ experience designing intuitive user interfaces and applications for self- and assisted-service devices, Reevex creates positive customer experiences without the need for staff intervention.

Reevex solutions are deployed across multiple industries including retailers, financial institutions, and government facilities. Their DYNAMIX software suite has been deployed across thousands of kiosks, supporting millions of transactions, and transmitting billions of dollars, bridging the critical gap between physical cash payments and digital transactions. Reevex was a pioneer in self-service check deposit and issuance, multi-account servicing through kiosk, and is now delivering cutting edge connectivity and functionality in assisted service transactions.

Speaking about the acquisition, Mike Bielamowicz, EVP of Glory Global Solutions said, "We have been working with the Reevex team for a number of years and we recognised that there was a strong fit in our cultures and ambitions. Our customers are increasingly exploring the benefits that intelligently designed assisted service can bring to their businesses, and the acquisition of Reevex will further strengthen our solutions portfolio to ensure those benefits are fully realised.”

Hirokazu Onoe, President of GLORY Ltd said: "Our acquisition of Reevex is another step in GLORY’s international expansion and recognition of the role that software plays in building complete solutions that address our customers’ business challenges. We have aggressive international growth aspirations which we will only achieve by providing our customers with best-in-class, comprehensive cash management solutions.”

Snehal Vashi, founder and CEO of Reevex, commented, "This is a great opportunity for our customers and for our team. Bringing together Glory, a world leader in cash management solutions, and Reevex with our focus on developing intuitive, customer-centric software applications will provide opportunities to deliver the next generation of smart banking and retail solutions more quickly. I am very much looking forward to my continued involvement in the business and working closely with my new Glory colleagues, many of whom we already know so well.”

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About Glory Global Solutions

Glory Global Solutions is the global leader in secure cash management solutions. Operating across the financial, retail, cash centre and gaming industries, businesses in more than 100 countries rely on our solutions to enhance staff efficiency, reduce operating costs and enable a better customer experience.

Headquartered in the UK, Glory Global Solutions is a wholly owned subsidiary of GLORY Ltd. Employing over 3,000 professionals worldwide with dedicated R&D and manufacturing facilities across Europe, Asia and North America, Glory Global Solutions is GLORY’s international sales and service organisation. Built on a rich customer-focused, technology-driven heritage spanning almost a hundred years, GLORY is a pioneer in the development and manufacture of cash management, vending and automatic service equipment.

For further information please visit www.gloryglobalsolutions.com or follow us on Twitter: http://twitter.com/glory_global.

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