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- Outerwall Inc. (Nasdaq: OUTR), formerly Coinstar, Inc., a leader in automated retail, announced that they have entered into an agreement to acquire ecoATM for $350 million in cash.
- ecoATM is the first company to create an automated self-serve kiosk system to purchase used mobile phones, tablets and MP3 players for cash.
- ecoATM will remain headquartered in San Diego, California.
Presentation by: Mark Bowles, Chief Marketing Officer and Founder of ecoATM
Mark has more than 23 years in the semiconductor and wireless industries and automated-retail industries. He has been involved in the formation and funding of six technology start-ups and has successfully raised eighteen (18) rounds of venture capital financing totaling more than $200 million; he has been part of some successful financial exits for these investors. Prior to ecoATM, he was with Vativ (sold to Entropic) and VP, Marketing, he co-founded Staccato in 2002 and was VP of Marketing where he helped build the ultrawideband (UWB) industry from scratch.
Mark has been an invited speaker, keynote, or panelists in dozens of industry conferences on DSPs, wireless, UWB, and social networking. He has also been a guest lecturer on entrepreneurism and innovation at Duke, Stanford, UCSD, USD, Pepperdine, and Harvard. He has also authored more than a dozen published articles in the past decade. He holds an undergraduate degree in Industrial Distribution from Texas A&M University, and a Master of Science in Technology Management (eMBA) from Pepperdine University. Mark is also a member of the Pepperdine Board of Visitors and an Advisory Board member for the University of San Diego’s Center for Peace and Commerce.