TransAct Technologies Names Andrew Newmark Executive VP of Global Sales & Marketing
January 28 2015 - 8:00AM
Business Wire
Proven Executive to Oversee TransAct’s Sales
and Marketing Efforts Across all Products and Industries
TransAct Technologies Incorporated (Nasdaq:TACT) (“TransAct” or
“the Company”), a global leader in market-specific solutions,
including printers, terminals, software and other products for
transaction-based and other industries, announced today the
appointment of Andrew Newmark to the newly created position of
Executive Vice President of Global Sales & Marketing. Mr.
Newmark brings to TransAct over 30 years of sales, marketing,
managerial and entrepreneurial experience and will have direct
oversight of the Company’s sales and marketing efforts across the
Epic, Epicentral, Ithaca, Printrex and Responder brands which serve
the casino and gaming, lottery, food safety, oil and gas
exploration, and mobile machine-to-machine industries. He will
report directly to the Company’s Chairman and Chief Executive
Officer, Bart C. Shuldman.
Prior to joining TransAct, Mr. Newmark served in a number of
sales, marketing and development roles, including at companies he
co-founded. Most recently, he was active as an investor and
entrepreneur, supporting a number of venture capital and private
equity-backed businesses. From November 2005 to March 2009, he
served as Vice President of Business Development for Newell
Rubbermaid’s Technology division. From June 1998 to November 2005,
he served as Senior Vice President of Marketing and Business
Development at DYMO, a division of Esselte Corporation, where he
directed marketing and new product initiatives and launched an
international labeling business under the RHINO brand. From January
1990 to June 1998, he co-founded and served as Senior Vice
President of CoStar Corporation, which developed the LabelWriter
personal label printer which was eventually acquired by Esselte in
1998. Mr. Newmark also co-founded and served as Chairman of
Kensington, a leading maker of computer accessories, from January
1982 to June 1988, a period which included the 1986 sale of
Kensington to ACCO Office Products. He holds a BA in Economics from
Stanford University.
“We are delighted to welcome Andrew to the TransAct team as we
further strengthen our global sales and marketing capabilities,”
said Mr. Shuldman. “Given Andrew’s many years of success, and in
particular with companies that are similarly focused on printing
and software solutions, his decision to join the Company in this
new role is an endorsement of our powerful brand and product lineup
and should serve to accelerate our evolution into a leading
provider of high-quality, high-reliability printing solutions for
customers across multiple industries worldwide. Andrew brings to
our organization a wealth of experience in building teams that have
taken products and services to new heights. I look forward to
working alongside Andrew to enhance our sales and marketing efforts
and create a world-class team that serves as a strong advocate for
our innovative products and I am confident that he will drive
success across our business in the coming years.”
Mr. Newmark added, “I am excited to get to work with the
talented team at TransAct as we seek to expand the worldwide
awareness and market acceptance of our diverse array of products
and enterprise solutions. Over the course of my career, I have
worked with companies large and small and built sustainable sales
momentum for a wide range of products, including a number of
printer-based innovations. As a team, we are confident that we can
build on TransAct’s strong position in the casino and gaming space
for both the Company’s industry-leading Epic printers and unique
Epicentral bonusing and software solution, continue to expand the
customer base for our innovative Ithaca food safety terminals. I
also look forward to furthering the Company’s momentum with
Printrex as the top provider of color printers for the oil and gas
exploration industry and further expand our consumables business
across the product lines. And finally, I am truly excited about the
market potential of TransAct’s newest brand, Responder, for the
fast growing mobile printer market”
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leader in developing and
manufacturing market-specific solutions, including printers,
terminals, software and other products for transaction-based and
other industries. These industries include casino and gaming,
lottery, food safety, banking, point-of-sale, hospitality, oil and
gas, and medical and mobile. Each individual market has distinct,
critical requirements for printing and the transaction is not
complete until the receipt and/or ticket is produced. TransAct
printers and products are designed from the ground up based on
market-specific requirements and are sold under the Ithaca®,
RESPONDER, Epic, EPICENTRAL® and Printrex® product brands. TransAct
distributes its printers and terminals through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct
has over 2.5 million printers and terminals installed around the
world. TransAct is also committed to providing world-class printer
service, spare parts, accessories and printing supplies to its
growing worldwide installed base of products. Through its TransAct
Services Group, TransAct provides a complete range of supplies and
consumable items used in the printing and scanning activities of
customers in the hospitality, banking, retail, gaming, government
and oil and gas exploration markets. Through its webstore,
http://www.transactsupplies.com, and a direct selling team,
TransAct addresses the on-line demand for these products. TransAct
is headquartered in Hamden, CT. For more information, please visit
http://www.transact-tech.com or call 203.859.6800.
Epicentral, Epic, Ithaca and Printrex are registered trademarks
of TRANSACT Technologies Incorporated. ©2015 TRANSACT Technologies
Incorporated. All rights reserved.
Investors:TransAct Technologies IncorporatedSteve
DeMartino, 203-859-6810President and Chief Financial
OfficerorJCIRRichard Land, Joseph Jaffoni, Jim
Leahy212-835-8500tact@jcir.com
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