INKAS
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| Company type | Privately held corporation |
|---|---|
| Industry | Logistics Security |
| Founded | Toronto, Ontario, Canada (1993) |
| Founder | David Khazanski Margarita Simkin |
| Headquarters | , |
Number of locations | Concord, Ontario   Gatineau, Quebec  Russia  Accra, Ghana  Lagos, Nigeria  |
Area served | Worldwide |
Key people | David Khazanski, CEO Margarita Simkin, President David Tsyrlin, CFO Ilia Klytchkov, Head of Merchant Services Division Paul Khakhan, Head of AppGear, ISO Office[1] Alexander Khomyakov Head of INKAS Safe Manufacturing |
| Services | Security services (armed courier service, safes, armored vehicles, POS systems) |
| Revenue | $50 million (2010 est.)[2] |
Number of employees | 200[2] |
| Divisions | INKAS ATM & POS Solutions INKAS Armed Courier Services INKAS Safe Manufacturing INKAS Armored Vehicle Manufacturing |
| Website | http://www.inkas.ca/ |
| Footnotes / references ATM=Automated teller machines POS=Point of sale | |
INKAS Group of Companies is a privately held, Canadian company specializing in security and protection services headquartered in Toronto, Canada. Founded in 1993,[2] INKAS acted initially as an armed messenger service. Later they grew to a conglomerate offering a wide variety of security services that include: armored vehicle manufacturing; safe manufacturing; merchant services (e.g., point-of-sale and electronic transaction processing); and the company's traditional armored courier and armed guard services. INKAS has Canadian offices in Toronto and Gatineau, Quebec, with overseas offices in Russia, and Lagos, Nigeria.[1]
INKAS Security Services
INKAS's first business unit was INKAS Security Services. With head offices in Toronto, Ontario, INKAS Security Services was created in 1995 for the provisioning of armed messenger services. Personnel are armed with weapons and armed vehicles which vary between Dodge Sprinters, Ford Econoline 350s, Freightliners, Ford F-150’s and armored Jeep Cherokees.
The Company currently provides security guard services across the Province including Ottawa, The Greater Toronto Area, Central Ontario, Barrie, Newmarket, Peterborough, Kingston, Hamilton and Thunder Bay. Sites include: government properties and offices, educational institutions, research centers, industrial complexes, medical labs, courts, courthouses, power stations, land registry offices, sub stations, multi-ministry offices, merchant businesses, garages and recreation complexes, jewelry stores and auction houses.Depending on the tactical deployment required, guard services can consist of security personnel that are fully uniformed, vested, plain clothes, personal protection and escort or special assignment. Security guards are trained through INKAS® Training Academy and equipped and managed by the Security Manager.
INKAS Armored Vehicle Manufacturing
In 2004, INKAS Armored Vehicle Manufacturing expanded from their existing manufacturing plant in North York, Ontario into a newly built facility allowing the company to handle a larger amount of customer orders.
INKAS Armored Vehicle Manufacturing[3] was established in 1993.[4] Since then they have been supplying banks, law enforcement agencies and VIP individuals with their services and product while keeping their product civil.
While creating their armored vehicles in their 60,000-square-foot (5,600 m2) manufacturing facility, INKAS also focuses on personal and corporate safety concerns with their secure transportation services using their vehicles, made in their facility. Their main focus is not just army personal vehicles. They also focus on bringing their manufacturing to luxurious vehicles, such as Mercedes and Lexus sedans and SUVs.[5]
Each vehicle goes through rigorous ballistic tests, as well as being tested under harsh conditions in their shooting range which can be found within their facility.[6]
INKAS Merchant Services
INKAS was founded in 1996.[2] In the beginning, the main focus was the provisioning of security services offering armoured courier services for automated teller machines (ATM), cash loading, and cash-in-transit (CIT) deposit services. Later, INKAS made the strategic decision to enter the online transaction processing business. To that end, INKAS Finance Corporation was created in 1998.[7]
In 2001, INKAS created INKAS Financial Corporation Limited (UK) in order to expand its ATM/POS operations into the United Kingdom (UK).[7] That same year, the UK operations of INKAS became a full member of the UK's largest transaction network, LINK (UK). Membership in LINK UK enabled INKAS's ATM/POS operations to avail themselves of network connections to virtually every large UK bank and their associated ATMs. Three years later, in 2004, in an all-cash deal, INKAS sold its UK financial arm to TRM Corporation.[2][8] At that time, INKAS Financial UK had grown to 450 ATM sites, being "both merchant-owned and full-placement programs."[8] At the time, the annual gross revenue of the business unit acquired was $4.75 million, with a then UK market share of 20%.[8]
In 2008 DirectCash acquired the entire ATM Business of INKAS, leaving INKAS to expand their Merchant Services business.[9][10]
Before being acquired by Direct Cash, INKAS had a total of 711 ATM sites across Canada, which gave Direct Cash, a total of 6000 ATMs. The unique service INKAS provides is the ability to access live information about transactions immediately, using a web application, easily accessible through the web.
INKAS Safe Manufacturing
Founded in 1999, INKAS Safe Manufacturing builds luxury and customized safes for retailers, government agencies, financial institutions, jewellery stores, pharmaceutical chains and home owners. INKAS Safe Manufacturing also distributes other products including cash depositories, fireproof filing cabinets, and dials and locks. INKAS Safe Manufacturing markets these safes through a network of 2,000 locksmiths, 1000 safe technicians, and 50 Dealers and Distributors located across North America.[7]
INKAS Professional Vehicle Manufacturing
INKAS Professional Vehicle Manufacturing specializes on designing and building limousine vehicles including exclusive and armored limousines, funeral vehicles, airport livery vehicles, limousine party buses and other special event vehicles.
INKASTRANS Environment Protection Services
INKASTRANS Environment Protection Services supplies standard equipment and services to maintain and clean world wide oil spills. INKASTRANS Environment Protection Services current line-up includes a range of Containment Booms, Recovery Systems, Dispersant Spray Systems, Specified Vehicles and Boats, Equipment Packages, Oil Spill Kits, Machinery for Contaminated Soils Treatment, Personal Protective Equipment, and a range of proprietary Polymer and Natural Sorbent Products.[7]
References
- ^ a b “INKAS Group of Companies,” Bloomberg Businessweek. (Retrieved 2011-01-23.)
- ^ a b c d e Perna, Gabe. “Branching out: The four companies making up the INKAS Group have expanded and are ready to tackle the emerging security-driven markets,” Business Review Canada. (Retrieved 2011-01-23.)
- ^ While INKAS is based in Canada, and would therefore be expected to use the armoured spelling, it instead uses the armored spelling
- ^ “About INKAS Armored,” INKAS Armored Vehicle Manufacturing website (www.inkasarmored.com) (Retrieved 2011-01-25.)
- ^ “INKAS Introduces The Armored Mercedes S600 Powered By RENNtech,” eMercedesBenz.com, May 17, 2007. (Retrieved 2011-01-25.)
- ^ “Armored Luxury Vehicles from INKAS,” BallerRide.com, January 22, 2009. (Retrieved 2011-01-25.)
- ^ a b c d “A history of expertise, innovation and quality,” INKAS Group website (www.inkasgroup.com) (Retrieved 2011-01-23.)
- ^ a b c “TRM Completes UK/US Acquisitions,” PR Newswire. April 2, 2004.
- ^ “DirectCash Income Fund announces asset acquisition of ATM competitor,” CNW (Canada NewsWire), June 25, 2008. (Retrieved 2010-01-25.)
- ^ “DirectCash Acquires the Entire ATM Business of INKAS Financial Corp.,” INKAS Group website (www.inkasgroup.com) (Retrieved 2011-01-23.)