CTS Expands North American Operations

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Mario Perottino Head of CTS North America

CTS is consolidating North American cash recycler and check capture subsidiaries into a single operating unit.

CTS Electronics Group, a global leader in check processing solutions and cash handling systems for the Financial Services and Retail industries, announced today the appointment of Mario Perottino as Vice President of Operations at CTS North America.

Mario joins CTS North America after three years supporting the CTS Cashpro market development in the US which resulted in double digit market penetration for their cash recycler solutions. With more than twenty years of sales and marketing experience with Fortune 500 suppliers of technology solutions, and his industry knowledge and expertise, Mario will strengthen CTS North America's ability to deliver on-going value to customers and partners alike.

"With the largest global installed base, CTS has long been the technology and engineering leader in check capture and cash recycling solutions," remarked Andrea Filippini, President of CTS North America. "Mario's main charter is to help customers leverage our engineering strength and maximize the long-term value they can derive from our solutions. As part of our corporate strategy we are augmenting our position in North America by consolidating our subsidiaries into one single operating unit. CTS North America, under Mario's leadership, will execute on the company mission to promote our brand and serve the North American market with all our product lines: Check Processing solutions, Imaging Applications, Cash Recycling and Cash Deposit, Instant Issuing."

"I welcome the opportunity to represent CTS solutions and our advanced technologies in North America, one of the most demanding and innovative markets in the world," said Mario Perottino. "The quality and superiority of our offerings provide the opportunity to reinforce and enhance our market leadership in all our product lines."

About CTS Electronics Group

CTS Electronics Group is a leading global manufacturer of cash and check solutions for tellers, back offices, self-service systems and retail point-of-sale counters with three decades of growth, experience, and innovation. Under the leadership of its founders and owners, the company has grown to over $100m in annual revenue and 300 employees since 1980. With more than 100 engineers dedicated to solution development for the financial services industry, CTS delivers continuous innovation and business value to its customers. Today, CTS has more than 1 million banking peripherals installed at end user locations across five continents.

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Glen Fossella
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