Diebold
Encyclopedia
Diebold, Inc. (icon, DEE-bold) is a United States
-based security systems corporation
that is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATM
s), electronic and physical security products (including vaults and currency processing systems), and software and integrated systems for global financial and commercial markets. Diebold is the largest U.S. manufacturer of ATMs.
Diebold was incorporated under the laws of the State of Ohio
in August 1876, and is headquartered in the Akron
-Canton
area; its mailing address is the city of North Canton
, but its physical address is located in the city of Green
.
Founded in 1859 by Charles Diebold in Cincinnati, Ohio
, it first began manufacturing safes and vaults for banks. In 1872 it moved its operations to Canton, Ohio
. In 1936 it expanded its product lines by acquiring companies that specialize in products such as rotary and visible files, and index and microfilming systems. It also began developing armor plate for military tanks that year. In 1943 Diebold Safe & Lock Company changes name to Diebold, Incorporated. In 1965 it began offering pneumatic tube delivery systems to banks, hospitals, post offices, libraries, office buildings and many other industrial facilities. In 1970 it began offering Computer-controlled security and surveillance systems. Beginning in the 1970s it introduced various Automated Teller Machine
products. In 2002 Diebold entered the United States elections industry through the acquisition of Global Election Systems, a leader in touch-screen voting technology.
Diebold and IBM
created a general partnership called InterBold in 1991. The purpose of InterBold was to have IBM sell and service Diebold's ATMs outside of the United States. In exchange, IBM ceased marketing its own ATMs in the US. The InterBold partnership was dissolved in 1997 when Diebold purchased IBM's share of the partnership. IBM eventually entered into a re-distribution arrangement with a German competitor of Diebold, Wincor Nixdorf
.
terminals and solutions for government entities. Diebold entered this industry in 2001 by purchasing the assets of Global Election Systems which had been selling election equipment since 1991. This subsidiary has been the subject of controversy amid allegations surrounding the security and reliability of some of its products.
In August 2007 DES rebranded itself as Premier Election Solutions. In 2009 it was sold to a competitor, Election Systems & Software
.
, then the chief executive of Diebold, announced that he had been a top fund-raiser for President
George W. Bush
and had sent a get-out-the-funds letter to 100 wealthy and politically inclined friends in the Republican Party, to be held at his home in a suburb of Columbus
, Ohio
.
In December 2005, O'Dell resigned following reports that the company was facing securities fraud
litigation surrounding charges of insider trading
.
In March 2007, it was reported by the Associated Press
that Diebold was considering divesting itself of its voting machine subsidiary because it was "widely seen as tarnishing the company's reputation".
In August 2007, Wikipedia Scanner found that edits via the company's IP addresses occurred to Diebold's Wikipedia article, removing criticisms of the company's products, references to its CEO's fund-raising for President Bush and other negative criticism from the Wikipedia page about the company in November 2005.
, a large engineering and defense conglomerate, announced it had made a $2.63 billion bid to buy Diebold, which was later rejected as too low. In October 2008 UTC announced it was breaking off acquisition talks.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
-based security systems corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
that is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
s), electronic and physical security products (including vaults and currency processing systems), and software and integrated systems for global financial and commercial markets. Diebold is the largest U.S. manufacturer of ATMs.
Diebold was incorporated under the laws of the State of Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
in August 1876, and is headquartered in the Akron
Akron, Ohio
Akron , is the fifth largest city in the U.S. state of Ohio and the county seat of Summit County. It is located in the Great Lakes region approximately south of Lake Erie along the Little Cuyahoga River. As of the 2010 census, the city had a population of 199,110. The Akron Metropolitan...
-Canton
Canton, Ohio
Canton is the county seat of Stark County in northeastern Ohio, approximately south of Akron and south of Cleveland.The City of Caton is the largest incorporated area within the Canton-Massillon Metropolitan Statistical Area...
area; its mailing address is the city of North Canton
North Canton, Ohio
As of the census of 2000, there were 16,369 people, 7,114 households, and 4,382 families residing in the city. The population density was 2,697.1 people per square mile . There were 7,506 housing units at an average density of 1,236.8 per square mile...
, but its physical address is located in the city of Green
Green, Ohio
Green is a suburban city in Summit County, Ohio, United States. The population was 25,699 at the 2010 census. It is located almost exactly midway between the cities of Akron and Canton, although it is part of the Akron Metropolitan Statistical Area.-History:...
.
History
Cincinnati, Ohio
Cincinnati is a city in the U.S. state of Ohio. Cincinnati is the county seat of Hamilton County. Settled in 1788, the city is located to north of the Ohio River at the Ohio-Kentucky border, near Indiana. The population within city limits is 296,943 according to the 2010 census, making it Ohio's...
, it first began manufacturing safes and vaults for banks. In 1872 it moved its operations to Canton, Ohio
Canton, Ohio
Canton is the county seat of Stark County in northeastern Ohio, approximately south of Akron and south of Cleveland.The City of Caton is the largest incorporated area within the Canton-Massillon Metropolitan Statistical Area...
. In 1936 it expanded its product lines by acquiring companies that specialize in products such as rotary and visible files, and index and microfilming systems. It also began developing armor plate for military tanks that year. In 1943 Diebold Safe & Lock Company changes name to Diebold, Incorporated. In 1965 it began offering pneumatic tube delivery systems to banks, hospitals, post offices, libraries, office buildings and many other industrial facilities. In 1970 it began offering Computer-controlled security and surveillance systems. Beginning in the 1970s it introduced various Automated Teller Machine
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
products. In 2002 Diebold entered the United States elections industry through the acquisition of Global Election Systems, a leader in touch-screen voting technology.
InterBold
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
created a general partnership called InterBold in 1991. The purpose of InterBold was to have IBM sell and service Diebold's ATMs outside of the United States. In exchange, IBM ceased marketing its own ATMs in the US. The InterBold partnership was dissolved in 1997 when Diebold purchased IBM's share of the partnership. IBM eventually entered into a re-distribution arrangement with a German competitor of Diebold, Wincor Nixdorf
Wincor Nixdorf
Wincor Nixdorf is a German corporation that provides retail and retail banking hardware, software, and services. Wincor Nixdorf is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems , retail banking equipment, lottery terminals, postal...
.
Premier Election Solutions / Diebold Election Systems
Premier Election Solutions, formerly Diebold Election Systems, a subsidiary of Diebold, is their smallest business segment that accounts for 2.4% of its gross revenue. It has entered the business of creating electronic votingElectronic voting
Electronic voting is a term encompassing several different types of voting, embracing both electronic means of casting a vote and electronic means of counting votes....
terminals and solutions for government entities. Diebold entered this industry in 2001 by purchasing the assets of Global Election Systems which had been selling election equipment since 1991. This subsidiary has been the subject of controversy amid allegations surrounding the security and reliability of some of its products.
In August 2007 DES rebranded itself as Premier Election Solutions. In 2009 it was sold to a competitor, Election Systems & Software
Election Systems & Software
Election Systems & Software is an American company that provides voting services.ES&S is a subsidiary of McCarthy Group, LLC, which is jointly held by the holding firm and the Omaha World-Herald Company, the publisher of Nebraska's largest newspaper. As of 2007 it was the largest manufacturer of...
.
Controversy
In August 2003, Walden O'DellWalden O'Dell
Walden "Wally" O'Dell was chief executive officer and chairman of the board of Diebold, a US-based security and financial products company.He was an active fundraiser for George W...
, then the chief executive of Diebold, announced that he had been a top fund-raiser for President
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....
George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
and had sent a get-out-the-funds letter to 100 wealthy and politically inclined friends in the Republican Party, to be held at his home in a suburb of Columbus
Columbus, Ohio
Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...
, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
.
In December 2005, O'Dell resigned following reports that the company was facing securities fraud
Fraud
In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...
litigation surrounding charges of insider trading
Insider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
.
In March 2007, it was reported by the Associated Press
Associated Press
The Associated Press is an American news agency. The AP is a cooperative owned by its contributing newspapers, radio and television stations in the United States, which both contribute stories to the AP and use material written by its staff journalists...
that Diebold was considering divesting itself of its voting machine subsidiary because it was "widely seen as tarnishing the company's reputation".
In August 2007, Wikipedia Scanner found that edits via the company's IP addresses occurred to Diebold's Wikipedia article, removing criticisms of the company's products, references to its CEO's fund-raising for President Bush and other negative criticism from the Wikipedia page about the company in November 2005.
Buyout attempt
In March 2008 United Technologies CorporationUnited Technologies Corporation
United Technologies Corporation is an American multinational conglomerate headquartered in the United Technologies Building in Hartford, Connecticut...
, a large engineering and defense conglomerate, announced it had made a $2.63 billion bid to buy Diebold, which was later rejected as too low. In October 2008 UTC announced it was breaking off acquisition talks.
See also
- Premier Election Solutions, formerly Diebold Election Systems
- Diebold 10xxDiebold 10xxThe Diebold 10xx series is a third and fourth generation family of automated teller machines manufactured by Diebold.-History:...
- 2004 United States election voting controversies2004 United States election voting controversiesDuring the 2004 United States presidential election, concerns were raised about various aspects of the voting process, including whether voting had been made accessible to all those entitled to vote, whether ineligible voters were registered, whether voters were registered multiple times, and...
External links
- Official Diebold site
- Official ATM and branch supplies site for Diebold
- Official identification supplies and access control site for Diebold
- Companies with 50+ years of dividend increases Diebold has the record for consecutive dividend increases.