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Diebold

Diebold, Inc.
Public
Traded as NYSE: DBD
Industry Banking & Security
Founded 1859
Headquarters Green, Ohio (North Canton mailing address)
Area served
Worldwide
Key people
Andy W. Mattes (President & CEO)
Products Automated teller machines
Drive-through banking equipment
Electronic & Physical security
Safes
Vaults
Revenue US$ 3.05 billion (FY 2014)[1]
US$ 117.0 million (FY 2014)[1]
US$ 114.4 million (FY 2014)[1]
Total assets US$ 2.34 billion (FY 2014)[1]
Number of employees
16,000[1]
Divisions Diebold North America
Europe, Middle East and Africa
Asia Pacific
Latin America
Subsidiaries Procomp Industria Eletronica S.A.
Website .com.dieboldwww

Diebold, Inc. (, DEE-bold) is a United States-based financial self-service, security and services corporation that is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), electronic and physical security products (including vaults and currency processing systems), and software and integrated systems for global financial and commercial markets. Diebold is the largest U.S. manufacturer of ATMs.[2]

Diebold was incorporated under the laws of the State of Ohio in August 1876, and is headquartered in the Akron-Canton area; Diebold HQ mailing address is North Canton,[3] but is physically located in Green.[4]

Contents

  • History 1
  • Premier Election Solutions / Diebold Election Systems 2
  • Controversy 3
  • Controversies with regards to Diebold INDIA 4
  • Competitors 5
    • Banking hardware 5.1
  • See also 6
  • References 7
  • External links 8

History

An antique Diebold safe.

Diebold was founded in 1859 by Charles Diebold in Cincinnati, Ohio, under the name Diebold Bahmann Safe Company.[5] It first began manufacturing safes and vaults for banks. In 1872 it moved its operations to Canton, Ohio. In 1876, after becoming incorporated, the company changed its name to Diebold Safe & Lock Company. In 1936 it expanded its product lines by acquiring companies that specialize in products such as rotary and visible files, and index and microfilming systems. It also began developing armor plate for military tanks that year. In 1943, Diebold Safe & Lock Company changed its name to Diebold, Incorporated. In 1965 it began offering pneumatic tube delivery systems to banks, hospitals, post offices, libraries, office buildings and many other industrial facilities. In 1970 it began offering Computer-controlled security and surveillance systems. Beginning in the 1970s it introduced various Automated Teller Machine products.

Diebold and IBM created a general partnership called InterBold in 1991. The purpose of InterBold was to have IBM sell and service Diebold's ATMs outside of the United States. In exchange, IBM ceased marketing its own ATMs in the US. The InterBold partnership was dissolved in 1997 when Diebold purchased IBM's share of the partnership.[6] IBM eventually entered into a re-distribution arrangement with a German competitor of Diebold, Wincor Nixdorf in some countries (but not all).

In 2002 Diebold entered the United States elections industry through the acquisition of Global Election Systems, a leader in touch-screen voting technology.

In March 2008, United Technologies Corporation, a large engineering and defense conglomerate, announced it had made a $2.63 billion bid to buy Diebold, which was later rejected as too low.[2] In October 2008 UTC announced it was breaking off acquisition talks.[7]

On October 25, 2012, the company announced it was suspending plans to build a new world headquarters in Green, saying it was no longer economically feasible.[8]

In June 2015, Diebold was reported to be in talks to acquire its troubled German rival Wincor Nixdorf.[9]

A Diebold 1063ix with a dial-up modem visible at the base

Premier Election Solutions / Diebold Election Systems

Premier Election Solutions, formerly Diebold Election Systems, was a subsidiary of Diebold, and was their smallest business segment,[10] accounting for 2.4% of their gross revenue. It had entered the business of creating electronic voting terminals and solutions for government entities. Diebold entered this industry in 2001 by purchasing the assets of Global Election Systems which had been selling election equipment since 1991. This subsidiary was the subject of controversy amid allegations surrounding the security and reliability of some of its products.

In August 2007, DES rebranded itself[11] as Premier Election Solutions. In 2009 it was sold to a competitor, Election Systems & Software.[12]

Controversy

In August 2003, Republican Party, to be held at his home in a suburb of Columbus, Ohio.[13]

In December 2005, O'Dell resigned following reports that the company was facing securities fraud litigation surrounding charges of insider trading.[14]

In March 2007, it was reported by the Associated Press that Diebold was considering divesting itself of its voting machine subsidiary because it was "widely seen as tarnishing the company's reputation".[10]

Diebold sold its U.S. election systems business, primarily consisting of its Allen, Texas-based subsidiary, Premier Election Solutions, Inc., to Election Systems & Software, Inc. (ES&S), a leading company in the election systems industry. The sale was consummated on September 2, 2009. Diebold is no longer involved with any election systems in the United States.

In August 2007, WorldHeritage Scanner found that edits via the company's IP addresses occurred to Diebold's WorldHeritage article, removing criticisms of the company's products, references to its CEO's fund-raising for President Bush and other negative criticism from the WorldHeritage page about the company in November 2005. These criticisms were later moved to a more appropriate page.[15]

Controversies with regards to Diebold INDIA

[16]

There has been charges of discrimination (Pending in court) on Diebold India Program manager (Prasad Sayee) and Director (Suresh Babu) of the company. A discrimination case has been filed in local police station in this regard (FIR number 849/2013), by an ex-employee of the company. First information report has been prepared in this regard by the prima facia evidence showed. They have been granted Interim stay until November 29, 2013.

Extension to time has been sought to avoid the preliminary investigation. The status of the case is still PENDING, as mentioned in the high court's website of AP, INDIA.

There is Corruption and Discrimination charges against group of employees headed by a manager-mumbai,investigation is not progressed and looks like investigation is closed without any further reference. waiting for Diebold to take action Jun- 2015.


Competitors

Banking hardware

See also

References

  1. ^ a b c d e "Diebold, Incorporated (DBD)". Yahoo! Finance. 
  2. ^ a b Carlyle to Buy De La Rue Unit for 360 Million Pounds Bloomberg, June 16, 2008
  3. ^ About Us — At-A-Glance, Diebold. Accessed September 30, 2007.
  4. ^ Wilcken, Richard (September 22, 2015). "Diebold corp headquarters". Diebold Corp. Retrieved September 22, 2015. Diebolds World HQ address. 
  5. ^ Diebold History
  6. ^ Short Take: Diebold completes purchase of IBM's InterBold share CNET News, January 19, 1998
  7. ^ UTC Ends Bid To Buy Diebold Hartford Courant, October 14, 2008
  8. ^ Lin-Fisher, Betty (October 25, 2012). "Diebold suspends plans for new headquarters in Green".  
  9. ^ Alexander Huebner (9 June 2015). "Diebold in talks to buy Wincor Nixdorf". Reuters. Retrieved 10 June 2015. 
  10. ^ a b Diebold Weighs Strategy for Voting Unit The Associated Press, March 4, 2007
  11. ^ Diebold Election Systems to Become Premier Election Solutions PR Newswire,
  12. ^ "ES&S buys competitor". The  
  13. ^ Warner, Melanie. "Machine Politics in the Digital Age." New York Times. November 9, 2003.
  14. ^ Diebold CEO resigns after reports of fraud litigation, internal woes John Byrne, December 12, 2005
  15. ^ Borland, John (August 14, 2007). "See Who's Editing WorldHeritage - Diebold, the CIA, a Campaign".  
  16. ^ http://hc.ap.nic.in/csis/MainInfo.jsp?mtype=CRLP&mno=11423&year=2013

External links

  • Official Diebold site
  • Official ATM and bank supplies site for Diebold
  • Official identification supplies and access control site for Diebold
  • Companies with 50+ years of dividend increases Diebold has the record for consecutive dividend increases.
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