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LEADING CASH REGISTER DISTRIBUTOR GELLER BUSINESS MACHINES ACQUIRED BY CONSOLIS SYSTEMS
Published 26th July 2010
GELLER BUSINESS MACHINES ACQUIRED BY CONSOLIS SYSTEMS
Geller set to expand into integrated EPoS payment systems
UK retailers are set to benefit from a major new force in affordable advanced EPoS systems and integrated payment solutions following the acquisition of Geller Business Equipment Limited by Consolis Systems Limited, a leading UK retail management software and services company.
Geller Business Equipment – which has traded under the name Geller Business Machines for more than 50 years – is currently the UK’s largest distributor of cash registers and EPoS systems for the retail and hospitality industries. Its customers include the Post Office, Oxfam, Chevron and Estée Lauder.
Consolis said the acquisition will enable Geller Business Machines to become a powerful new force in the retail technology market by uniquely combining its 53 years of point of sale hardware experience with the advanced retail management and payment processing software of Consolis subsidiary CES Software.
Consolis has acquired the entire share capital of Geller Business Equipment. Terms of the acquisition deal were not disclosed.
Geller will become part of the Consolis group of companies, but will continue to operate under the name Geller Business Machines.
Geller’s managing director, Norman Geller, will continue in his present role. Peter Moore, managing director of Consolis Systems, will become chief executive officer of Geller Business Machines.
The acquisition will not affect staffing levels at Geller and all of the company’s current employees will be retained.
Geller is now expected to put a major emphasis on developing integrated EPoS payment solutions for a new generation of retailers who are switching from stand-alone cash registers to more sophisticated technology-led systems. The new systems will provide vital management information, as well as stock control and low-cost electronic payment solutions.
Norman Geller, managing director of Geller Business Machines, said: “We have been working on this great move forward for the company for some time. It marks the next step in the evolution of our business which began with press down key cash registers in 1957, then the first electronic models in the 1970s, and more recently web-based PC cash registers.
“With the financial resources to take the company forward, we can now look at developing the next generation of EPoS products. This will enable us to take full advantage of the changing needs of the retail industry as it emerges from the recession.”
He added: “We and Consolis have complementary skills, but a shared belief in the future of EPoS in the UK. We have several innovative projects in the pipeline which we will bring to market over the next year.”
Peter Moore, managing director of Consolis Systems, said: “Geller has been working closely with our subsidiary CES Software for about 12 years. It became apparent that there are a lot of synergies between Geller’s robust and affordable hardware innovations and the new software we are developing. When the opportunity arose to acquire Geller, it made sense to bring the two companies together.”
Moore added: “Geller already provides some excellent products and has a great reputation for reliability and integrity. We aim to take the company to a new level by enabling them to offer a broader and more complete range of EPoS products – with increased 24-hour hardware and software support – and get these new products into the market faster.
“We believe we can deliver a unique offering that will enable retailers to increase revenue, reduce costs and improve customer satisfaction.”
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About Geller Business Machines www.geller.co.uk
Based in Greenford, Middlesex, Geller Business Machines is the trading name of Geller Business Equipment Limited, which was established in 1957. The company specialises in supplying and supporting cash registers and EPoS and PC EPoS systems and software for retailers and the hospitality industry. There are more than 140 authorised resellers with Geller-trained support personnel located throughout the UK and Republic of Ireland.
About Consolis Systems Limited www.consolis.co.uk
Based in London, Consolis Systems is a leading software and services company which focuses on the retail, mobile telecoms and digital services markets. It builds on established retail management software products, and uses its senior management team’s experience of the retail, mobile telephony and digital services industries to launch innovative new services for retail customers.
About CES Software Limited www.cessoftware.com
London-based CES Software launched its groundbreaking CES Touch Screen EPoS software in 1997 and has since grown to become a UK market leader in the provision of powerful, affordable and user-friendly point of sale applications.
It has built a nationwide customer base that includes a diverse range of retail outlets – including pubs, clubs, hotels, restaurants, CTNs, grocery stores, jewellers and dry-cleaners, amongst others.
Retailers of all sizes can use CES’s Touch Screen EPoS software as a stand-alone application which is Chip and Pin compliant, or as a fully networked system that provides a complete EPoS solution in a multi-terminal or multi-store environment.
The fully integrated suite of software includes a bespoke booking module for hotel, theatre and restaurant reservations; a table-planner module; loyalty and membership modules for clubs; and a module for handheld order-taking devices, such as PDAs, with a built-in Chip and Pin capability. The software also includes reporting functionality for sales and stock management, in addition to a specialist module for the jewellery trade and a dedicated module for drycleaners.
The CES system also enables retailers to offer their customers a fast and easy electronic top-up service for prepay mobile phones and other prepaid services.
ENDS.