News from the Wire

Glory Global Solutions on track with bank shift to sales-based model

Tuesday, April 22, 2014 — 12:53:59 (EDT)

Lisle, Ill., April 22, 2014 -- Glory Global Solutions Inc., the global cash management expert, has demonstrated assured growth in its maiden year, following the integration of its constituent companies – Talaris Inc. and Glory USA Inc. – in April 2013.

In the last year (to March 31 2014), Glory Global Solutions was selected by over 220 banks and credit unions, providing them with industry leading teller cash automation and a range of maintenance services. They concluded the year with a record number of teller cash recycler installations, representing steady growth over previous years.

Many of these banks and credit unions are in the process of transforming their branches from a ‘transaction-based’ environment to a more effective, profitable ‘sales-based’ model, centered on what the industry calls the ‘universal banker’ staffing model. Glory has been enabling this trend by implementing cash management systems that improve staff resourcing, reduce idle cash and increase physical security, ultimately giving the branch employees additional time to focus on offering a wider range of services.

“Essentially we enable branch transformation by taking manual cash handling out of the equation,” said Chris Reagan, President of Glory Global Solutions, Inc. “It’s a trend that we’re increasingly seeing across the retail banking industry. Our focus and expertise in helping our clients achieve financial results with this model has been a key driver to our growth and it has certainly helped us maintain our 80%-plus market share over the past year.”

In addition to attracting new clients, Glory is particularly proud that it has retained or renewed over 98% of its existing maintenance customers, in a year where the integration of two companies could have been expected to yield mixed results.

“The smooth integration of Talaris Inc. and Glory USA last year proved that the two companies were very complementary,” continued Mr. Reagan. “There is no doubt that the integration has been to the benefit of our clients. Glory Global Solutions now offers an unparalleled, truly end-to-end cash management offering, from R&D, to consultation, product implementation, servicing and maintenance. This means we can offer our clients a seamless service, and can provide high levels of continuity and trust.” About Glory Global Solutions

Glory Global Solutions is a global expert in cash management and business optimization, delivering innovative technology and service solutions that improve security and productivity. Its customers span the financial, retail, amusement and gaming industries.

Glory Global Solutions employs over 2,500 professionals worldwide and has a distribution network reaching over 100 countries. It is supported by the technical expertise of parent company GLORY. With nearly 100 years history, headquartered in Japan, GLORY is a pioneer in the development and manufacture of money handling, cash management, vending and automatic service equipment.

Glory Global Solutions was formed in 2013, following the acquisition of Talaris by GLORY LTD. For more information please visit www.gloryglobalsolutions.com .

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Source: Company press release.