As announced on Dec 2, 2013
) completed the acquisition of Digital Insight Corp. for $1.65
billion. Digital Insight is a provider of online and banking
solutions. The company's solutions complement NCR's existing
business and enhance its capabilities. The acquisition is
expected to be accretive to NCR's 2014 earnings.
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The acquisition will enable NCR to provide a unique customer
experience across mobile, bill pay and online banking channels in
addition to the ATM service it already provides. It will also
significantly expand its existing client base. The acquisition
will also help NCR customers to access account balances, payments
via mobile banking apps for
) iOS and Android devices.
Apart from this, NCR recently also closed the acquisition of
Alaric Systems Ltd, a provider of fraud prevention solutions, for
a purchase price of $84.0 million. The merger of Alaric Systems
Ltd will help to reduce complexities in managing ATM, point of
sale, e-commerce and mobile payment or banking transactions.
The recent acquisitions have helped NCR enter different business
segments and improve its financial services segment growth
trajectory. NCR has also strengthened its position in the point
of sale (POS) market through the acquisition of Radiant Systems.
It also strengthened its hardware-enabled, software-driven
business model through the acquisition of Retalix, which helped
it to offer advanced solutions to enhance customer satisfaction.
NCR Corporation is a global technology company and a world leader
in consumer transaction technologies. However, softness in its
ATM business in the mature markets, competition from
), European exposure and a high debt burden are concerns.
NCR Corp. has a Zacks Rank #2 (Buy).