Streamware Corporation - Vending and OCS Software

CRANE MERCHANDISING SYSTEMS ACQUIRES SOFTWARE RIGHTS, EMPLOYEES, AND CLIENT BASE OF INONE TECHNOLOGY
Bridgeton, MO, December 5, 2005 - - Crane Merchandising Systems (CMS), a Crane Co. company, has acquired the software rights, employees, and customer base of inOne Technology's software division. Terms of the transaction were not disclosed. Streamware, a CMS business unit, will assume responsibility for the inOne software products-Navigator and EMS-and will continue to maintain those products for their new customers for the foreseeable future. InOne's nine software division employees will become Streamware employees.
With 200 vend operator clients and tens of thousands of machines in its installed customer base, Streamware is firmly established as the leading provider of vending management software and solutions. Streamware's flagship products are VendMAX and DeliveryMAX. The company also operates InfoVend, the vending channel's market research service.
According to CMS President Brad Ellis, "This acquisition confirms CMS's focus on advanced technology in all segments of our business. When Crane acquired Streamware in 2000 we said the company would be the 'building block' in our strategy to meet the demand for more sophisticated vending and merchandising systems. Today, Crane provides a full complement of technology solutions, from equipment and payment systems to software, to help our clients become more productive and more profitable."
Streamware General Manager Paul McGarry said the acquisition of inOne's employees and customer base would allow Streamware to accelerate its new product development initiatives. "We are virtually doubling the size of our company overnight," said McGarry. "We will invest those additional resources in products and services that improve our clients' productivity and profitability."
McGarry stressed that Streamware will work with the former inOne customers to support their software systems or, if desired, to transition them to VendMAX. "We want to reassure our new clients that there will be continuity throughout this process. The sales and support staff they know and trust will continue to serve them; their products will be supported; and their business needs will be respected," concluded McGarry.
About Crane Co.
Crane Co. is a diversified manufacturer of engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information about Crane Co. visit the company web site www.craneco.com.
About Crane Merchandising Sysytems (CMS)
Crane Merchandising Systems, a Crane Co. company, is a global vending industry leader with multiple brands and business units across several continents. It manufactures equipment under three brand names: National Vendors, GPL, and Stentorfield (Europe.) Business units include Streamware (vending software and market research); Crane Payment Systems (Optipay); and CMS Parts and Support.
CMS is the only OEM to offer a completely integrated solution, from equipment and software to after market parts and service. Each CMS business unit leverages this breadth of resources, talent, and experience to provide its customers with superior products and service. Headquartered in Bridgeton (St. Louis), Missouri, CMS has offices in Norwood, Massachusetts, Toronto, Canada, and in multiple European locations. For more information visit the web site at www.cranems.com.
About Streamware
Streamware is a provider of management software and professional services to the vending and route delivery industries. Streamware's primary software products are VendMAX and DeliveryMAX.
Founded in 1991, Norwood, MA-based Streamware was acquired in 2000 by Crane Co., a $2.0 billion diversified manufacturer of engineered industrial products. For more information Streamware Corporation at 800-4-STREAM or visit the web sites www.streamware.com or www.cranems.com
ACQUISITION FACT SHEET
Overview	Crane Merchandising Systems (CMS), a Crane Co Company, has acquired the software rights, employees, and customer base of inOne Technology. Crane Streamware, a CMS business unit, will assume responsibility for the inOne software products---Navigator and EMS. Nine InOne staff members from the software group will become Streamware employees. Streamware will continue to support Navigator and EMS for the foreseeable future. inOne clients who wish to transition to Streamware's VendMAX/DeliveryMAX system can do so at their own pace. The rest of inOne's products and services remain fully operational under the management of inOne's president, Gene Ostendorf.
Effective Date	December 5, 2005
Financial Terms	Terms of the deal were not released
Streamware Products	VendMAX vending software DeliveryMAX route delivery software Navigator/EMS vending software Professional and consulting services InfoVend: market research for the vending channel
Streamware Leadership	Paul McGarry, General Manager Glenn Butler, Chief Technology Officer Damien Moroney, Director of Sales Rich Horrigan, Director of Customer Relations
Media Contact Damien Moroney Tel: 781-551-0010 Email: D a m i e n @ s t r e a m w a r e . c o m
Executive Biographies
Brad Ellis President, Crane Merchandising Systems Brad Ellis joined Crane Co. in 1997 as Vice President, Chief Information Officer. In 2000, he assumed the leadership of Crane's Operational Excellence initiative, a newly created group position that supported the company's growth strategy by creating a smaller number of larger units. In December 2003, Mr. Ellis was named President of Crane Merchandising Systems (CMS). Under his leadership, CMS has dramatically expanded its equipment product line, launched the Payment Systems business unit, and, in December 2005, acquired the software rights and customer base of competitor inOne. Mr. Ellis is an Officer on the Board of Directors of NAMA (National Automatic Merchandising Association) and has significantly extended CMS's involvement in that organization.
Paul McGarry General Manager, Streamware Paul McGarry joined Streamware in 2005 following a 25-year career as a beverage industry software executive. As President of Informed Beverage Management, Charlotte, NC, he led an organization that pioneered the development of route accounting, business intelligence, and mobile computing solutions for the beer and soda industry. As Executive Vice President of Ontario-based Global Beverage Group, Mr. McGarry led the company's beer industry operations and completed two acquisitions. He joined Crane Streamware from Xecutive Technologies, Inc., a technology consulting firm in Charlotte, NC, where he was President. Mr. McGarry has been responsible for numerous acquisitions, which helped grow the businesses he managed.
Company Overview
Crane Merchandising Systems is a global vending industry leader with multiple brands and business units across several continents. We provide our customers with a complete turnkey business solution-expertise in the manufacturing of automatic merchandisers and payment systems, quality aftermarket parts and services, and advanced technology and information products. Here's a brief overview of our business units and our brands.
Equipment
National Vendors The leading, full-line manufacturer of vending equipment in the US. Sold directly by a nationwide staff of Crane National Vendors representatives
GPL A full-line manufacturer of smaller-footprint machines. Sold nationwide through a network of distributors
Stentorfield A manufacturer of hot and cold drinks equipment for the European marketplace
Business Units
Streamware The premier provider of software solutions to the route accountability sectors of the vending and OCS, industries. Flagship products are VendMAX and DeliveryMAX. Also owns InfoVend, a market research service for the vending channel.
Crane Payment Systems Develops and markets advanced payment systems that leverage CMS's technology advantage. The innovative Optipay system is the most advanced on the market, with a revolutionary Bill Recycler that returns change in coins and bills.
CMS Parts and Support Provides technical service and quality OEM parts for National Vendors, GPL, and Optipay customers
Company Leadership Brad Ellis, President David Martin, Chief Financial Officer
Company Locations Headquarters Bridgeton (St. Louis), Missouri Crane Streamware Norwood, Massachusetts Crane Canada Toronto, Canada NRI Buxtehude, Germany Stentorfield Chippenham, England
For more information on CMS companies, products, or services contact Terry Brady at (800) 325 8811 x3224 Or visit the web site at www.cranems.com.
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