Transaction Network Services Acquires FusionPoint Technology Solutions

FusionPoint is a premier provider of electronic-technology data communications products and services to the convenience store and service station markets. The assets purchased include customer and vendor contracts, inventory and equipment, and certain intellectual property rights. As part of the acquisition, TNS is also adding the four employees responsible for the FusionPoint business. The acquisition will allow TNS to immediately provide enhanced services to the convenience store and petroleum industry through the product offering, FusionPoint by TNS. FusionPoint by TNS designs and installs turn-key solutions that integrate legacy devices found in todays convenience stores and service stations onto an IP network. Currently, the various devices transporting data in and out of convenience stores - such as the Ruby and G-Site POS terminals, ATMs, lottery machines, back office PCs, video surveillance, gas tank monitoring data, and check, credit and fleet card authorization information - are often on multiple networks, each with its own connectivity. FusionPoint from TNS provides a single point of communication as opposed to multiple channels, thereby saving money and improving efficiencies. Demonstrations of FusionPoint from TNS will be available at the National Association of Convenience Stores (NACS) technology event, NACStech 2005, on May 16-18 in Nashville, Tenn.