The CBORD Group Acquires Off-Campus Advantage
Deal expands CBORD’s off-campus solution set
For Immediate Release
April 3, 2007
Ithaca, New York—The CBORD Group, Inc., one of the world’s leading suppliers of campus card, housing, and foodservice management systems for the College & University market, today announced it has acquired Off-Campus Advantage, LLC (OCA), a leading provider of off-campus payment services for colleges and universities.
OCA expands the functionality of the University-issued ID card by enabling merchants in the local community to accept it as a form of payment. Since 1999, OCA has been providing CBORD’s CS Gold customers with a robust and secure off-campus payment platform. OCA’s Central Server Solution, which eliminates modem banks, phone lines, and other hardware on campus, will now be expanded to CBORD’s Odyssey PCS customers with new or existing off-campus payment programs and will help accelerate the building of CBORD’s UGryd national network of merchants, which links participating merchants with participating colleges and their students across America.
"OCA brings a proven, Central Server technology platform to CBORD’s 800+ university clients to address the demand for the campus card to be used off-campus, without adding overhead to the university infrastructure," said Shawn McCarthy, CBORD’s Vice President of Wide-Area Commerce Solutions. "We are excited to work with the OCA team with their proven track record of excellent customer service."
"The combination of CBORD’s industry knowledge and campus card systems expertise with OCA’s technology is a terrific win for universities," said Rory Hersch, President of OCA. "Whether a school is thinking of going off campus for the first time, or has had a program up and running for years, we now offer options to build and maintain those programs according to each university’s unique needs."
The combined company will offer universities:
About Off-Campus Advantage
Off-Campus Advantage, LLC, expands the functionality of the university-issued ID card by enabling merchants in the local community to accept it as a form of payment through its proprietary UGryd Central Server technology. With its suite of services, Off-Campus Advantage creates fully customized programs for schools with existing off-campus vendors, as well as those taking their cards off-campus for the first time. By leveraging relationships with national retailers, Off Campus Advantage's Loyalty platform rewards students with prizes for each dollar spent off-campus, creating a strong revenue source for university partners. The company can be reached online at www.offcampusadvantage.com. Off-Campus Advantage is a wholly owned subsidiary of The CBORD Group, Inc.
About The CBORD Group
Off-Campus Advantage, LLC is a wholly owned subsidiary of The CBORD Group, Inc. The CBORD Group serves colleges and universities, healthcare facilities, chain restaurants, supermarkets, continuing care facilities, corporations, and a host of other market segments. CBORD’s products are used in food service, catering, nutrition services, online ordering, cashless dining, campus ID card privilege control, access control, integrated security, housing services, and other institution-wide activities. The CBORD Group serves more than 6,000 clients in the U.S., Canada, Europe, South Africa, the Middle East, New Zealand, and Australia. The CBORD Group was founded in 1975. Today it employs more than 475 professionals. To learn more about CBORD, visit us at www.cbord.com.
Contact
Cindy McCall
Marketing Coordinator
Email: clm2@cbord.com
The CBORD Group, Inc.
61 Brown Road
Ithaca, NY, 14850
877.636.2002
FAX 607.257.1902
April 3, 2007
Ithaca, New York—The CBORD Group, Inc., one of the world’s leading suppliers of campus card, housing, and foodservice management systems for the College & University market, today announced it has acquired Off-Campus Advantage, LLC (OCA), a leading provider of off-campus payment services for colleges and universities.
OCA expands the functionality of the University-issued ID card by enabling merchants in the local community to accept it as a form of payment. Since 1999, OCA has been providing CBORD’s CS Gold customers with a robust and secure off-campus payment platform. OCA’s Central Server Solution, which eliminates modem banks, phone lines, and other hardware on campus, will now be expanded to CBORD’s Odyssey PCS customers with new or existing off-campus payment programs and will help accelerate the building of CBORD’s UGryd national network of merchants, which links participating merchants with participating colleges and their students across America.
"OCA brings a proven, Central Server technology platform to CBORD’s 800+ university clients to address the demand for the campus card to be used off-campus, without adding overhead to the university infrastructure," said Shawn McCarthy, CBORD’s Vice President of Wide-Area Commerce Solutions. "We are excited to work with the OCA team with their proven track record of excellent customer service."
"The combination of CBORD’s industry knowledge and campus card systems expertise with OCA’s technology is a terrific win for universities," said Rory Hersch, President of OCA. "Whether a school is thinking of going off campus for the first time, or has had a program up and running for years, we now offer options to build and maintain those programs according to each university’s unique needs."
The combined company will offer universities:
- High Speed Transactions
- Nightly ACH settlements
- Customized programs to meet each university’s distinct needs
- Incremental revenue stream that captures a share of dollars spent off-campus
- Proprietary Loyalty & Rewards program which stimulates usage and rewards loyalty
About Off-Campus Advantage
Off-Campus Advantage, LLC, expands the functionality of the university-issued ID card by enabling merchants in the local community to accept it as a form of payment through its proprietary UGryd Central Server technology. With its suite of services, Off-Campus Advantage creates fully customized programs for schools with existing off-campus vendors, as well as those taking their cards off-campus for the first time. By leveraging relationships with national retailers, Off Campus Advantage's Loyalty platform rewards students with prizes for each dollar spent off-campus, creating a strong revenue source for university partners. The company can be reached online at www.offcampusadvantage.com. Off-Campus Advantage is a wholly owned subsidiary of The CBORD Group, Inc.
About The CBORD Group
Off-Campus Advantage, LLC is a wholly owned subsidiary of The CBORD Group, Inc. The CBORD Group serves colleges and universities, healthcare facilities, chain restaurants, supermarkets, continuing care facilities, corporations, and a host of other market segments. CBORD’s products are used in food service, catering, nutrition services, online ordering, cashless dining, campus ID card privilege control, access control, integrated security, housing services, and other institution-wide activities. The CBORD Group serves more than 6,000 clients in the U.S., Canada, Europe, South Africa, the Middle East, New Zealand, and Australia. The CBORD Group was founded in 1975. Today it employs more than 475 professionals. To learn more about CBORD, visit us at www.cbord.com.
Contact
Cindy McCall
Marketing Coordinator
Email: clm2@cbord.com
The CBORD Group, Inc.
61 Brown Road
Ithaca, NY, 14850
877.636.2002
FAX 607.257.1902