NCR acquires NCI Ltd

 NCR Corporation (NYSE: NCR) today announced that it has acquired NCI Ltd, a UK-based company that is a leading provider of teller connectivity software used by financial institutions.  Terms were not disclosed.

NCI’s applications are widely used by financial institutions in North America and Europe as they seek to innovate through branch automation solutions that improve teller productivity and cut wait times for customers.  NCR will further develop the NCI Teller Cash Connectivity application, and leverage NCI’s extensive experience in teller connectivity for branch and teller cash recycling solutions.

“This acquisition will make it easier for NCR and its banking customers around the world to introduce and integrate branch automation technologies that can transform branch productivity and the customer experience,” said Bill Nuti, chairman and chief executive officer of NCR.  “Bringing NCI’s expertise to NCR demonstrates our commitment to the teller automation market and underlines our intention to enhance NCR’s total solution offer as we grow our assisted- and self-service business.”

NCI’s Teller Cash Connectivity suite of applications provides a single software platform that enables the connection of teller automation devices without modification of the branch application, or full integration with a wide range of branch platforms for online use of devices. 

The suite also allows institutions to monitor transaction activity on the individual device and at a branch-wide level, providing management information to help assess the impact of branch automation technology.

NCR’s existing range of branch solutions includes consultative and design services, ATMs, intelligent deposit services, teller cash recycling, information kiosks, statement printers, pre-staging terminals, application and connectivity software, professional services and managed services. 

Sourced From: Perfect Relations Limited