Multi-Tech Systems and Symstream Team Up to Provide a Fully Managed Wireless Solution for the Financial and Retail Transaction Market
Designed for High Security, Reliable Connectivity and Cost Efficiencies.
MINNEAPOLIS, FEBRUARY, 2008 – Multi-Tech® Systems, Inc., a leading data communications and telecommunications technology manufacturer based in Minneapolis, Minnesota, and Symstream™ Technology Group Ltd., an Australian-based wireless technology company, announced today an alliance to deliver a wireless modem solution that enables wireless transaction services utilizing the GSM/3g networks.
Multi-Tech wireless modems deployed with Symstream will provide a global wireless technology solution that offers greater flexibility and connectivity to ATM terminals, kiosks and POS terminals. The combined solution allows transactions to be sent without a fixed-line communications network and ensures faster, secure and more reliable services.
By integrating the internationally patented Symstream wireless technology with Multi-Tech’s wireless modems, businesses are able to send and receive transaction data across the GSM/3g network via a data transmission method that is comparable in reliability to a leased data line at a fraction of the costs, with a similar level of security and without the obvious limitations and restrictions of a fixed wire service.
These Multi-Tech modems support the recently released Symstream Souran Platform® (“SSP”) an advanced carrier grade management platform solution that provides a complete end-to-end solution that allows for a domestic or globally deployed network of ATM’s, Kiosks and POS devices to be managed from a central management point.
“This strategic alliance between Multi-Tech and Symstream allows both companies to focus on their respective strengths while delivering a superior and seamless solution to our mutual customers,” said Mike Kydd, Vice President of Sales, of Multi-Tech Systems. “This will provide our customers with the strongest, most flexible and secure managed wireless connectivity solution available today.”
The initial Multi-Tech product line of Symstream enabled products includes embedded SocketModem® communications devices and stand-alone MultiModem® wireless modems with various connectivity options including USB, Ethernet and serial interfaces with products targeted for release during the 2nd quarter 2008.
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