Published: February 04, 2010
Marlin Equity Partners Acquires Elements of Unisys Payment Systems

Marlin Equity Partners ("Marlin") is pleased
to announce that it has acquired the Payment hardware, Payment supplies,
US-based Payment maintenance, and the associated Payment research and
development and Payment sales organization of Unisys Corporation (NYSE: UIS) and has subsequently formed a new company, Burroughs Payment Systems,
Inc. ("Burroughs" or the "Company"). Burroughs is a leading provider of
hardware and related services that address the image capture and payment
processing needs of financial institutions, remittance processors, and
retailers worldwide. The Burroughs name, used from 1905-1986, is well
familiar to many companies in France that have been customers for years.
The Company's products and services allow customers to process check and
cash payments quickly and securely while reducing operating costs and
improving efficiencies related to payment processing.
"Burroughs is a market leader in the payment processing industry with a
brand that has been recognized for over 100 years," said Andy Martinez,
Principal at Marlin. "Marlin will enable Burroughs to pursue an aggressive
growth strategy leveraging the Company's brand, cutting edge technology and
experienced management team."
"We are very excited to partner with Marlin and return to the Burroughs
name, once considered one of the most recognized and highly regarded names
in business," said Alan Howard, President and CEO of Burroughs. "Marlin's
financial and operational expertise combined with our industry-leading
products and focus on customer service will enable us to capitalize on
opportunities to further enhance customer satisfaction and increase market
share."
Mike Zawalski, Operating Partner at Marlin, stated, "Marlin is committed to
providing the financial and strategic resources and oversight to accelerate
growth. We look forward to working with the Burroughs management team to
build long-term value by growing the Company organically and by making
near-term acquisitions."
Burroughs' contact for companies in France is James Standing, Vice
President, International Sales. He can be reached at
james.standing@burroughs.com.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private
investment firm with over $1 billion of capital under management. The firm
is focused on providing corporate parents, shareholders and other
stakeholders with tailored solutions that meet their business and liquidity
needs in special situations. Marlin invests in businesses across multiple
industries that are in the process of undergoing varying degrees of
operational, financial or market-driven change where its capital base,
industry relationships and extensive network of operational resources
significantly strengthens a company's outlook and enhances value. Since
its inception, Marlin, through its group of funds and related companies,
has successfully completed over 30 acquisitions. For more information,
please visit www.marlinequity.com.
About Burroughs Payment Systems
Burroughs is a Plymouth, Michigan-based global provider of document and
payment processing image technology, cash management solutions and services
to financial institutions and retailers. The Company's products provide
banks and commercial customers with safe, secure and prompt document and
cash processing which improves operational efficiencies and payment
security. With over 100 years of history, Burroughs is recognized as the
industry leader in image processing technology from web-enabled branch and
merchant capture devices to high-speed reader/sorters in some of the
largest payment processing centers worldwide. For more information, please
visit www.burroughs.com.
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