CBORD

July 12, 2005 09:44 ET

CBORD Announces Acquisition of Diebold Card Systems Division; Deal Makes CBORD Dominant Provider of Cashless Systems

ITHACA, N.Y.--(CCNMatthews - Jul 12, 2005) -

The CBORD Group, Inc., one of the world's leading suppliers of campus card, housing, and foodservice management systems for the College & University market today announced that it has acquired Diebold Card Systems Division (DCSD). DCSD is the business unit of Diebold, Incorporated (NYSE: DBD) dedicated to campus card and housing management systems for colleges and universities. The acquisition makes CBORD the dominant provider of cashless systems to the College & University, Business & Industry and Healthcare markets, with more than 750 installed cashless systems and over 100 campus housing systems under current management.

Bruce Lane, Executive Vice President of CBORD, said: "The combined talent and resources of our organizations will enable CBORD to provide greater value to customers through exceptional service and the economies and expertise of a larger organization. More than six million cardholders will have access to a wider range of products, including exciting new Web-based products that take advantage of our shared technology."

Brad Stephenson, Vice President, Physical Security Group at Diebold, added: "Diebold Card Systems Division and CBORD each have a long history of providing quality administrative products to their customers. By integrating the two organizations, we will be able to offer the unique products of both companies in a smooth and seamless customer experience."

CBORD has plans in place to expand in its current markets as well as emerging markets such as continuing care retirement centers, private secondary schools and sports complexes. CBORD's product suite now includes: Odyssey PCS Cashless System, CS Gold Campus Card System, housing management systems, judicial management systems, access control systems, cashless vending, point of sale and self-order kiosk solutions, food and nutrition management systems, e-commerce and the Webfood Online Ordering solutions.

The combined operation will be headquartered in Ithaca, New York and have offices in Farmington, New York; Green, Ohio; Waco, Texas; and Cypress, California.

About The CBORD Group, Inc.

The CBORD Group, Inc., founded in 1975, is currently marking thirty years of service to the campus-wide needs of higher-education facilities. CBORD serves thousands of chain restaurants, hospitals, universities, supermarkets and gaming facilities with its suite of foodservice, catering and nutrition software products. The CBORD Group has customers in the U.S., Canada, Europe, the Middle East and Australia. To learn more about CBORD, visit us at www.cbord.com.

About Diebold Card Systems Division

The Card Systems Division of Diebold, Inc., has roots in campus ID cards dating back to 1964. This Card Systems division introduced the first computerized card system and led the industry through numerous generations of system development. Today Diebold Card Systems is a leading provider of campus ID card systems, access control systems, housing management systems and CCTV.

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