Diebold, Incorporated announced it has appointed Prime Systems Plus Inc. as its distributor in the Philippines. Previously, Prime Systems acted as a distributor for International Business Machines (IBM), marketing Diebold self- service solutions under the IBM name.
Under the distributor agreement, Prime Systems will provide sales, marketing and customer support services for Diebold automated teller machine (ATM) installations and other self-service solutions throughout the Philippines. Together, Diebold and Prime Systems offer financial institutions more than 150 years of bank technology experience.
“The Philippines has been an excellent market for Diebold with more than 30 local banks using Diebold-designed and manufactured ATMs for more than a decade,” said James Chen, Diebold vice president and managing director, Asia/Pacific. “We are pleased to establish a stronger presence in the Philippines.
“Our relationship with Prime Systems is an important part of our drive to expand our operations in Asia,” Chen said. “It allows us to get closer to our customers and introduce new products and technologies to them. The closer we are, the better service we can provide.”
Chen added that Prime Systems’ experience in the ATM business and its intimate knowledge of the market would be a great asset to Diebold’s customers in the Philippines.
Honorio Ingal, president of Prime Systems Plus, said the two companies are well-suited and that he is optimistic the partnership will be successful.
“This agreement is of special significance because the relationship between Diebold and Prime goes back a long way,” he said. “We have supplied Diebold solutions to the Philippines’ ATM and self-service market for more than 10 years.”
Prime Systems Plus Inc. is a leading systems integration company focused on banking and imaging solutions.
Diebold, Incorporated is the global leader in providing integrated delivery systems and services. Founded in 1859, the company employs more than 6,000 employees in some 120 locations worldwide with headquarters in Canton, Ohio, USA. Diebold reported revenues of US$1.2 billion in 1998 and is publicly traded on the New York Stock Exchange under the symbol “DBD.” For more information, visit the company’s Web site at [http://www.diebold.com].