NCR buy hospitality and retail POS software company radiant systems for $ 1.2 billion

Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More

NCR buys radiant systems, a company that develops trading systems and software for the hospitality and specialty retail for $ 1.2 billion in cash or $ 28.00 per share. It is expected that the transaction will close in the third quarter of 2011. NCR said that it will raise approximately $ 1.1 billion of new debt to finance the deal financed.

Radiant in SaaS serves various industries and markets, including stadiums, arenas, cinemas, restaurants, gas stations, convenience stores, museums, wine and liquor stores and other specialty retail stores. The company offers equipment includes point of sale systems, kiosks, customer displays, terminals, servers, and much more. Radiant said more than 100 000 installations worldwide.

NCR use radiant systems to expand into other software, vertical, in addition to its financial and retailers. NCR developers security technologies for the provision of financial services market, retail technology and sells self-service kiosks for retail and hospitality, travel and gaming, health and entertainment. In 2009, NCR purchased DVD rental kiosk company program.

NCR Corporation provides technology and services that help enterprises, especially in the financial services industry to connect, interact and relate to their customers worldwide. The company offers financial self-service oriented ...

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