Sharenet, a Syracuse, N.Y.-based, full-service ATM servicesprovider, recently purchased Phoenix, Ariz.-based Express Teller Services, which allows expansion of Sharenet'sATM services to credit unions on the West Coast, according to apress release announcing the acquisition.

“We wanted to find talented, experienced individuals within themarketplace that would allow us to expand our reach to the WestCoast and, more importantly, give credit unions and community bankseasier access to our services,” Sharenet CEO Ray Davis said.

Sharenet offers turn-key ATM management services, including afull-service outsourcing program, surcharge-free ATM network andbranding program, the company said.

“Our goal was to align with a financial institution-focusedcompany that understands the evolving U.S. ATM industry, thecomplex regulatory requirements involved in operating ATMs and thechallenges and potential for growth,” said Josh Ettesvold,president of Express Teller Services, who will join Sharenet'steam.

“As the industry changes, we felt Sharenet was complementary toExpress Teller Services and would allow us to better serve ourcustomers,” Ettesvold added. “In addition, our customers willreceive better pricing on transactions, equipment, supplies andservices because Sharenet's extensive network of customers givesthe company collective buying power which they pass on in the formof lower prices.”

Sharenet was founded in 1994 by 10 New York credit unions withthe guidance ofGregCard, a New York State Credit Union League Hall of Fameinductee.

Davis purchased the company in 2008.