Press Releases
Squirrel Systems Acquisition Now Complete
Vancouver, British Columbia
The Squirrel management group and Marin Capital Corporation are pleased to announce
the completed purchase of Squirrel Systems, formerly owned by Verso Technologies,
Inc. (Nasdaq NMS: VRSO).
Squirrel Systems is a leading provider of innovative technology solutions for the worldwide foodservice industry. Squirrel operations are headquartered in Vancouver, BC. They support a sales and service network throughout North America, Latin America, Europe and Asia.
The key members of the management group participating in this transaction are all long-term employees, dedicated to maintaining Squirrel as a leader in restaurant management systems. Their management has resulted in Squirrel realizing continuous profitable growth since 1984. They include Barry Logan, President; Victor Nightscales, Vice President-Operations; David Atkinson, Vice President-Sales & Marketing; Sam Noble, Vice President-Direct Sales and Joseph G. Cortese, Vice President-Research & Development.
"The Squirrel executive team has worked together successfully since Squirrel was founded. This acquisition allows Squirrel to grow in new directions and fulfills management's major objective of participating in ownership. The completion of this transition will encourage our employees to flourish even more. I am profoundly proud of everyone here at Squirrel. It is their strength, loyalty and capability that provides the momentum to fuel our growth", says Barry Logan, President, Squirrel Systems.
Squirrel Systems began operations in Vancouver in 1984 by developing the first touchscreen management system for the restaurant industry. The company has always been a technology leader and innovator, most recently, recognized as a recipient of the Microsoft® Retail Application Developer Award (RAD). The Squirrel for Windows NT solution combines the powerful Windows NT and SQL Server™ software platform from Microsoft with Squirrel's point of sale software. The unique design of the user interface is based upon advanced ergonomics, which make the system simple, intuitive and dramatically easier to use.
Squirrel employs over 200 people who are engaged in software development, hardware engineering, and professional services. Squirrel products and services are sold globally through corporate offices and a Business Partner program, which includes over 100 value added resellers and local service providers. Squirrel provides superior 24/7 services and support for end users through an integrated customer service infrastructure involving both a central end user help desk and local service providers. Squirrel is represented in major centers in the United States, Canada, Latin America, Europe and Asia/Pacific.
Squirrel Systems is a leading total solutions provider of management systems for independent and chain restaurants, and food and beverage operations in hotels, resorts and golf clubs. Squirrel earns its reputation for innovation and excellence by meeting and exceeding the needs of over 10,000 customers with 50,000 installed Squirrel POS workstations. Squirrel is proud of its relationship with many leading restaurant chains including Chevy's, Chi Chi's, Houlihan's, Logan's Roadhouse, McCormick & Schmick, O'Charley's, and The Keg.
Squirrel can be reached at 1.800.38TOUCH or at
www.Squirrelsystems.com.
Linda Gillis
Director, Marketing
Squirrel Systems
Tel: 604.412.3300
Email: lgillis@Squirrelsystems.com
