Ingenico/Debitek: A longtime manufacturer rises to become a key provider of total campus card systems
In 1985 Joe Capers was tinkering with vending machines, coin mechanisms, and card readers in his garage in Brentwood, Tennessee. He figured out how to make a card reader speak to a vending machine and immediately saw a need for his product. He found a client in the North Georgia Food Service Company, a group providing dining services to manufacturing companies. Now all he needed was investors. And if there is one thing that Debitek has always had it was an interesting history of investors. Mr. Capers called upon Stan and Steve Ledbetter, two brothers who provided the initial startup capital. The brothers brought in a team of Chattanooga, Tennessee-based investors and the company quickly moved from Brentwood to Chattanooga.
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