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What Is the Future of Revel With New Owner and CEO?

After many months of speculation about a potential acquisition by IBM or private equity firms, point-of-sale payments company Revel Systems announced that WCAS (Welsh, Carson, Anderson and Stowe) has led a large growth round in the company that will make it the company’s majority shareholder. The company’s Co-founder Lisa Falzone has stepped down as CEO. She is getting replaced by Scott Betts, a former CEO of Global Cash Access who has also worked at First Data. Bef ...

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