CR80News has learned that campus smart card provider CyberMark plans to transfer its higher education customers to ITC Systems effective June 14, 2002. Per a letter sent to existing customers, details of the joint transition plan between the two companies would be provided during the next several days. No detail is provided as to whether or not CyberMark will continue operations in other markets. CR80News was unsuccessful in attempts to reach a CyberMark representative for comment.
ITC Systems manufacturers smart card readers and devices. The company has offices in Toronto and St. Louis, MO. CR80 staff spoke with ITC President Cam Richardson late Friday afternoon. He would not disclose the financial details of the transaction but noted that more information would be released next week.