NCR gets optimization software company to accelerate solutions strategy
Sep 10, 2012 (TELECOMWORLDWIRE via COMTEX) --
NCR Corp. (NYSE: NCR) has acquired Transoft International, Inc., a leader in cash cost optimization software for financial institutions and retailers.
NCR will integrate Transoft's software and SaaS-based product suite and employees into its Financial Services line of business in order to strengthen NCR's existing cash management offering, eventually bringing financial institutions and retailers a unique and compelling integrated cash management solution. Terms of the deal are not disclosed.
Transoft manages cash for hundreds of thousands of ATMs, branches, vaults and retailers around the world. Its cash cost optimization software uses complex statistical analysis to help financial institutions and retailers optimize their cash requirements and reduce costs associated with cash handling. NCR believes that cash management represents a $1 billion segment for integrated technology hardware, software and services solutions.
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