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Sharenet acquires Express Teller for ATM expansion
SYRACUSE, N.Y. (8/27/14)--Sharenet has purchased Phoenix-based Express Teller Services, an acquisition that will allow the Syracuse, N.Y.-based ATM provider to expand its services to credit unions and community banks on the West Coast.
"We wanted to find talented, experienced individuals within the marketplace that would allow us to expand our reach to the West Coast and, more importantly, give credit unions and community banks easier access to our services," said Sharenet CEO Ray Davis.

"Our goal was to align with a financial institution-focused company that understands the evolving U.S. ATM industry, the complex regulatory requirements involved in operating ATMs, and the challenges and potential for growth," said Josh Ettesvold, president/founder of Express Teller Services.

Ettesvold said Express Teller clients will receive better pricing on transactions, equipment, supplies and services because Sharenet's network gives the company collective buying power which it will pass on in the form of lower prices.

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