InComm has announced its acquisition of On-Line Strategies, Inc. (OLS), a software and services company focused on processing complex, large-volume and high-speed consumer-driven transactions in mission-critical environments.
"The market has shown growing demand for a comprehensive, powerful, low-cost processing engine, and given recent consolidation in the industry, we see this as a perfect time to offer our products and services to a broader customer base," said Terry Richards , CEO, OLS. "InComm was an ideal partner, considering our overlapping customer base, its reputation as a retail solutions provider in the industry and its strong balance sheet. We are thrilled to become part of the InComm team and look forward to helping its customer base significantly reduce their total cost of ownership for the processing of consumer-driven transactions."
OLS will operate as a wholly-owned subsidiary with its current management team in place, and is immediately available to provide InComm's customers and partners access to its advanced switch technology.