Carrollton, Texas and Lisle, Illinois – January 12, 2018 Tidel and GLORY today announced a strategic partnership to accelerate the growth of both companies’ cash recycling solutions in a market expected to continue to grow rapidly.
The agreement pairs the industry’s leading retail cash management solution providers. Tidel will add Glory’s note recyclers to its recycling portfolio under the Tidel TR brand and will market the new recyclers to its retail customers and channel partners.
The relationship enables Tidel to address a broader range of customer needs with note recycling products that provide additional levels of performance and scalability required for today’s cash intensive environments. For Glory, the relationship provides immediate access to Tidel’s retail customer base and broad channel partner ecosystem.
“Tidel’s channel infrastructure and customer base will increase Glory’s reach and capability to service new customers in the retail segment,” said Peter Wolf, SVP Retail Markets, Glory. “The retail cash recycling market is poised for significant growth in the near term. This partnership with Tidel will give us an edge to rapidly gain market share and reach new customers.”
“We believe this agreement with Glory opens up substantial new opportunities for us,” said Darren Taylor, Executive Vice President, Global Business Development, Tidel. “Glory’s note recyclers are well recognized in the industry for having the broadest feature set backed by solid quality and reliability. They strongly complement our own portfolio of cash management systems, and our customers and partners stand to benefit.”
