HOUSTON & SAN MATEO, Calif.--(BUSINESS WIRE)--Jan. 5, 2006--U.S.
Bank Voyager Fleet Systems, a major provider of fleet card payment
services, has acquired Advent Business Systems, Inc., based in San
Mateo, Calif. Advent provides technology that is deemed to be the most
powerful, comprehensive and complete accounting management systems
available to the petroleum and energy product supply chain. Terms of
the transaction were not disclosed.
Through this acquisition, U.S. Bank Voyager Fleet Systems now has
superior technology solutions that can be integrated with Voyager's
payment card issuance and processing capabilities to provide a full
spectrum of services to fuel marketers and other petroleum and energy
product supply chain participants. Advent brings a new dimension to
the product offerings that Voyager offers channel partners - regional
fuel card marketers - with full-scale, enterprise-wide computing
capabilities that allow a fuel marketer to consolidate all aspects of
its operations within a single technology platform.
"Advent's core product capabilities are a perfect complement to
the Voyager program," said Rob Abele, president of U.S. Bank Corporate
Payment Systems. "Our strategic goal is to use one of the most
powerful platforms in the industry to provide an array of payment card
and related products to small and middle market fleets."
David Le Vine, president of Advent Business Systems, Inc. said,
"This is a tremendous fit for Advent, Voyager and U.S. Bank, and we
are excited to be a part of this great company. Our systems and
software are already far ahead of other offerings in this space, and
now we'll have new resources to take our technologies even further and
to add them into Voyager's fleet products."
U.S. Bank Voyager Fleet Systems Inc. is a leading provider of the
universal fleet fueling and maintenance card for over 1.5 million
vehicles. Specifically designed to serve the needs of any size fleet,
Voyager issues the Voyager Fleet Card, accepted at over 200,000 retail
locations in all 50 states and provides comprehensive fleet management
information services to commercial businesses and government agencies.
Voyager Fleet Systems is based in Houston. Visit Voyager online at
Voyager is part of U.S. Bank Corporate Payment Systems, and its
parent, U.S. Bancorp (NYSE:USB). With assets in excess of $207
billion, U.S. Bancorp is the 6th largest financial holding company in
the United States. U.S. Bancorp is home of the Five Star Service
Guarantee, which assures customers of certain key banking benefits and
services or customers will be paid for their inconvenience. Visit U.S.
Bancorp on the web at www.usbank.com.
CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
SOURCE: U.S. Bank