Hypercom Corporation continued to aggressively close on the leadership position for point-of-sale equipment as awareness of and demand for the company’s solutions soared throughout Europe, the Middle-East and Africa during 1999 and 2000.
Hypercom terminal shipments in the region jumped 316% to 153,396 in 1999 versus 48,424 in 1998, as the electronic payments system provider outpaced and continued to take market share from all competitors, Hypercom CEO George Wallner said at the Mobile Commerce World and Card Conference here in London.
“Hypercom is rapidly building its European market share, and our technology is setting the standard for the electronic payments industry throughout this important region,” Wallner said. “We are bringing to market advanced terminals and value-added wireless, Internet-based and smart card advanced applications that allow merchants to maintain and increase their competitive edge in the rapidly changing marketplace. And our growth represents the market’s validation of that strategy.”
“We are well on the way to eclipsing our growth in 1999. In two years EMEA terminal shipments will have grown three-fold,” Wallner said. “Our near-term objective is to retain our rapid growth and further strengthen our position as the technology leader in this region.”
The company has also established direct offices in England, Scotland, South Africa, Sweden, Germany, Hungary and Russia – and appointed more than 30 authorized local partners.
Independent analysts and publishers have documented Hypercom’s rapid pace to overtake other vendors for worldwide leadership of the POS market. “Hypercom continues to grow organically, while our European competitors have grown through acquisition of market laggards. Hypercom reported worldwide revenues of $167.2 million for the first half of year 2000. That is, for example, 63% more than the leading European vendor has reported for the same period,” Wallner said.
Hypercom has introduced a number of groundbreaking products and services in recent months that enable merchants and their service providers to roll out new customer services and generate new revenue streams.
The company has developed a framework, called ePOS-infocommerce(TM), or ePic, to bring to market Internet-enabled terminals and their supporting gateway servers. Based on the popular ICE(TM) family of interactive touch screen terminals, a broad range of Internet-based information and services can now be made available, securely and cost-effectively, on the retail merchant’s countertop. The platform brings together advanced wireless, Internet and smart card technologies.
Hypercom is now rolling out multi-mode, touch screen card payment and web-enabled terminals for the retail countertop that allow merchants to conduct e-mail, e-commerce, electronic receipt capture, on-screen advertising and an array of other applications – without investing in costly and difficult to use personal computers.
Hypercom Corporation (NYSE: HYC) is a global provider of end-to-end electronic payment solutions, including card payment systems, peripherals, network products, software and e-commerce payment solutions that add value at the point-of-sale for consumers, merchants and acquirers.
Headquartered in Phoenix, Arizona, Hypercom markets its products in more than 100 countries through a global network of affiliates and offices in Argentina, Australia, Brazil, Chile, China, England, Germany, Hong Kong, Hungary, Japan, Mexico, Puerto Rico, Russia, Scotland, Singapore, South Africa, Sweden and Venezuela. Hypercom’s Internet address is [www.hypercom.com].
Hypercom is a registered trademark of Hypercom Corporation. ICE and ePOS-infocommerce are trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.