Coming off an exceptional growth rate in 2010 and a recent recapitalization by Alerion Capital Group, Inc., KIOSK Information Systems is expanding its facilities, product lines and staff.
"Completing the recapitalization with Alerion was a huge milestone for the company in terms of moving KIOSK forward at the pace we've set," said Rick Malone, KIOSK Founder and CEO. "Alerion Capital Group could not be a better match for the company – they recognize the growth opportunity in self-service and are strongly aligned with KIOSK's culture of rapid innovation and agility."
The investment capital timing has enabled staff additions in engineering, sales, manufacturing and customer services and a 30-percent boost in production capacity.
By the end of February, KIOSK will spread out manufacturing into an additional 20,000-square-foot building, implementing a logistics facility adjacent to its existing 65,000-square-foot production and development facility in Louisville, Colo. The new logistics area will accommodate the rise in high-volume customer deployments, while maintaining the flexibility in the main building production lines.
"The steep growth throughout 2010 is indicative of the industry coming into a new realm of consumer acceptance," said KIOSK's CMO Tom Weaver in a press release. "The rate of incoming deployers and new self-service applications is unprecedented, and we only see it accelerating. The recapitalization has synchronized KIOSK's response capability to meet this opportunity head on."
