It is not every day around here we get into business news, but Advanced POS Solutions acquiring Staley Inc is significant for a number of reasons that impact the industry.
Advanced POS is responsible for most of the point of sale terminals you see around town in restaurants. They provide the hardware and support the software needed to make these run. They manage the point of sale terminals for a large number of restaurants, retail stores, and healthcare across the state.
By acquiring Staley it will open up a number of additional services to restaurants, and allow the company to grow their offerings over time. Instead of being just a point of sale solution provider, they can now manage full IT, offer cloud based solutions, digital signage, and anything else that comes up along the way that a restaurant needs.
Additionally Staley has a nationwide footprint, so now restaurants looking to expand out of state or coming into the state can operate on a single platform with the same support base wherever they are. This should allow local restaurants to grow and expand easier than they can today. It also helps Arkansas become a regional power for managing the systems for restaurants, as this now becomes one of the largest type services in the region.
Full disclosure, we have worked with Advanced POS for the past several years, mostly because I appreciate the role they play in the food scene across the state. I also have a number of friends at Staley who I respect greatly and do wonderful work. I suspect this will push the state even further forward in terms of restaurant technologies, and that is a very good thing.
The full press release and details of the acquisition are below.
LITTLE ROCK, Ark. (April 25, 2018) – On Monday, April 9, Business Machines Systems, Inc. d/b/a Advanced POS Solutions (APS) acquired Staley, Inc. d/b/a Staley Technologies of Little Rock. While the terms of the deal remain undisclosed, the new merged company will be led by Andrew Faulkner, former President of Advanced POS Solutions and current Staley Inc. President Gary Ferrell. Staley Electric, a local Little Rock electrical contractor, is not part of the merger and will remain family-owned and operated by Brent Staley.
“I am confident this merger will ensure our ability to best service our customers,” said Faulkner. “When I purchased APS, I saw a wonderful team of employees and customers who worked as partners. For decades, Staley Technologies has partnered with clients nation-wide to provide the expertise needed in technology deployment and installation. By acquiring Staley Technologies and merging the companies, it positions us to better serve clients, together, in new ways as a full-service provider.”
Staley Technologies was created by Ed Staley in 1986 as an addition to Staley Electric, the company his own father began in 1951. APS was founded in 1971 and later purchased by Faulkner in 2012. Under the name Staley Technologies, the combined companies will provide software, hardware, cloud-based solutions and managed services with a national service model for industries such as hospitality, retail and healthcare. Offered services include POS systems and kiosks; CCTV and access controls; digital signage; network infrastructure; and other technologies that drive market growth.
“Andrew’s strong ethics and leadership make me confident that he is the right person to lead Staley Technologies,” said Ed Staley, founder of Staley Technologies. “I am pleased to say that the current leadership team will work alongside Andrew to continue our traditions of quality service and strong values.”
Together, APS and Staley Technologies has more than 200 employees and will operate in all 50 states, though the merged company headquarters will remain in Little Rock. During the second quarter, all APS personnel will transition to the current Staley campus on Fourche Road.
“As one of our best and fastest growing partners, the APS leadership team has demonstrated an ability to excel not only in Arkansas, but throughout the region. This merger will allow National Cash Register (NCR) and APS/Staley Technologies to partner on a much larger scale. We are thrilled about the opportunities it presents,” said Ken Richard, Vice President, Global Channels at NCR Corporation.