Cronus Partners Pleased to Announce Sale of Resolute TAP Services, LLC to Vision Point of Sale, Inc.
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NORWALK, CT, Apr 17 (MARKET WIRE) --
Cronus Partners LLC ("Cronus Partners") is pleased to announce it acted as
the exclusive financial advisor to Resolute TAP Services, LLC ("ResTAP
Services")
in its sale of substantially all of its assets to Vision Point of Sale, Inc.
("Vision POS"). ResTAP Services, formerly headquartered in New Brunswick, New
Jersey, provided information technology support services consisting of
maintenance,
installation, and related services to the self-service technology sector,
includingespecially point of sale kiosks and other consumer-facing technology in
a
retail or other self-service environment.
According to Reggie Babcock, Chief Executive Officer of ResTAP Services, "We
were
very pleased to be able to conclude this transaction with Vision POS, as we
think it will serve our customers well, and the transaction itself represents a
successful exit event for the ResTAP Services shareholders."
Frank Muscarello, the Chief Executive Officer of Vision POS, commented,
"Weare excited to add ResTAP Services' customers to our own and to extend our
point of sale services footprint in the retail sector and beyond by adding a
significant and immediate presence and capability in self-service.
Consumerfacing and self-service technology continues to proliferate in retail,
and we
are now better positioned to grow with our customers in this direction." Based
in
Glenview, Illinois, Vision POS is one of the nation's leading suppliers of POS
products and services, helping retailers cost-effectively extend the life of
their
existing POS investments.
About Cronus Partners
Advising on mergers, acquisitions, divestitures, sales, and private
placement
financings, Cronus is an independent investment banking firm that provides
financial and strategic advisory services. The clients of the firm are
publicly traded or privately owned companies that engage in middle-market
transactions domestically or internationally. To learn more, please visit
www.CronusPartners.com.
Submitted by Webshare Conversion Marketing
For further information please contact:
Cronus Partners LLC
Andrea Chase
Director of Marketing and Business Development
203-642-0211
Email Contact
Copyright 2008, Market Wire, All rights reserved.
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