Diebold Inc. has sold its voting machines business to Election Systems & Software, the WSJ reports.
The company sold its election systems business for $5 million. It had acquired the business in 2002 from Global Election Systems for $26 million.
At that time, Diebold, whose primary business is making ATMs, saw a huge potential in the electronic voting systems market. But reports of the machines’ unreliable performance limited their adoption. (Such as this incident of someone unlocking a Diebold voting machine with a minibar key.)
“There were assumptions we made in that space that didn’t materialise,” a Diebold spokesperson said.
The sale now narrows the market to two major players: Election Systems and Software and Sequoia Voting Systems, the Journal points out.