Precidia Technologies Inc. announced a business relationship with Cisco
Systems Canada to market solutions to
help Canadian retailers reduce networking costs and increase the
functionality of their existing POS equipment.
The solution combines the strength of Cisco’s network router technology with
Precidia’s access devices targeted to the retail payments industry. By
coupling products from both companies, merchants may recognize savings in
their current communications costs, while harnessing the benefits of new and
exciting services for customer retention and loyalty.
“This relationship is a natural fit for Cisco,” said Nitin Kawale, Director
of Operations, Enterprise Sales, Cisco Systems Canada. “Cisco prides itself
on providing end-to-end enterprise network solutions. With Precidia’s access
devices complementing Cisco network products, we create an excellent team
that makes end-to-end retail solutions a reality. We admire Precidia’s
in-depth understanding of the protocols and needs of the POS market.
Together we provide a solution to merchants that maximizes their return on
investment, while reducing the risk and complexity in migrating to a new IP
Deepak Wanner, President of Precidia Technologies, says the solution is
geared to the needs of Canadian retailers. “Until now retailers have been
reluctant to implement IP technology because of the cost of replacing aging
legacy equipment. Precidia makes the older equipment part of the new
solution. Together Precidia and Cisco offer existing retail equipment a new
lease on life by migrating it onto modern IP networks. Overcoming this
hurdle is only the beginning; the future holds an even stronger value
proposition as new services are brought to the checkout counter, from the
advanced network connectivity solutions that Cisco and Precidia are
offering,” said Mr. Wanner.
Retailers have already begun to take advantage of the bundled offering.
Chapters, Canada’s largest bookseller, deployed Precidia’s Ether3201 product
with their Cisco Powered IP VPN in over 78 of its locations. Anuj Jaitly,
Manager, Communications Services, Chapters Inc, says “The solution has
performed flawlessly since its deployment in Fall 2000. Installation was
simple and seamless to existing systems, allowing Chapters to substantially
reduce our communications costs while enhancing our network management
About Precidia Technologies
Precidia Technologies Inc., based in Ottawa, Canada, is a global leader in
the design and manufacture of IP enabling technologies for a wide range of
industries, including retail payments. Precidia’s advanced IP technology
seamlessly migrates retail payment terminals and other equipment onto more
sophisticated IP networks. Precidia’s unique product line consists of
cost-effective access devices, both wired and wireless, and chip technology.
For more information, visit Precidia on the Web at
About Cisco Systems Canada
Cisco Systems is the worldwide leader in networking for the Internet.
Established in 1990, Cisco Systems Canada Co. has over 375 employees across
Canada dedicated to sales and service. In addition, Cisco has approximately
400 employees at its research and development site in Ottawa, Ontario.
The Internet is changing the way people work, live, learn and play – and
Cisco Systems is a primary agent of this change and a compelling example of
the power of this revolution. By widely deploying business solutions based
on the Internet, Cisco Systems realizes over $1.35 billion (US) per year in
saved operating costs and increased productivity Cisco produces networking
solutions for enterprise organizations, service providers and small/emerging
businesses. Additional information on the company and its products can be
found at .