) will offer its Retalix StorePoint point-of-sale (POS) and fuel
management software to
Suncor Energy Inc.
). Financial terms of the deal were not disclosed.
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Canada-based renowned energy company Suncor engages in refining
of crude oil and natural gas and marketing of petroleum and
petrochemical products. It has more than 1,500 retail stores
operating under the Petro-Canada brand name. Petro-Canada stores
sell petrol, lubricants and have car wash/repair and food
services facilities. They also allow customers to earn points
over purchase of petrol and lubricants and repairing/washing of
Per the deal, Suncor will use Retalix StorePoint software to
enhance its entire store operations from forecourt fuel
management to stock replenishment management, from food service
management to back-office operations. The software will enable
Suncor Energy to boost shopper's experience by providing better
services and prompt payment options.
Earlier this month, NCR's Retalix Transportation Management
software was deployed by Massdiscounters, a leading retail
division of MassMart Management Group. With this solution,
Massdiscounters aims to improve its logistics operations by
automating scheduling processes, synchronizing yard and other
activities such as dock management and optimizing inbound and
outbound shipments. The solution also helps to save costs
associated with logistics and provides enhanced supply chain
productivity, compliance and visibility.
The success of Retalix software can be attributed to NCR's
strategic decision to acquire retail software and services
company Retalix Ltd. in Dec 2012. The $650.0 million acquisition
was a conscious decision by NCR to strengthen and enhance its
enterprise software platform, thereby creating a new software
base to be used across the retail industry. This would ultimately
influence NCR's exposure in the financial, travel and hospitality
industries all over the world.
During first quarter 2013, NCR witnessed a 41.0% rise in Retail
solutions revenues with solid contributions from Retalix
acquisition. We expect the momentum to continue and believe that
growing demand for NCR's retail solutions will support revenue
growth in the upcoming quarters.
Currently, NCR Corp. has a Zacks Rank #2 (Buy). Investors could
also consider similar stocks such as
Concurrent Computer Corp.
). Both of them have a Zacks Rank #2 (Buy).