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Retail and Hospitality
NCR to acquire retail leader Retalix
29 November 2012
NCR is to acquire Israeli retail software and services provider Retalix for approximately US$650 million, the company announced last night.
The Ohio-based company will merge Retalix with a subsidiary of its business and says the move will build on its acquisition and subsequent integration of Radiant Systems in 2011.
Retalix is a strong, strategic fit for NCR and the combination of our two companies will drive significant value for both our shareholders and customers
NCR Both NCR and Retalix work closely with Microsoft, using the Redmond-based company's technology in many of its solutions.
In October, Retalix was named Microsoft Alliance ISV 2012 industry partner of the year for the retail sector in October for the second consecutive year.
Retalix 10 store suite also runs on the cloud, using Windows Azure, Microsoft's public cloud offering.
The company's customers include UK retail giant Tesco and US retailer Target.
Retalix's software and services are deployed in over 70,000 retail locations with more than 400,000 customer touch points in over 50 countries.
“Retalix is a strong, strategic fit for NCR and the combination of our two companies will drive significant value for both our shareholders and customers,” said NCR chairman and CEO, Bill Nuti.
NCR also expects to use Retalix's software to accelerate the development of its enterprise software platform, creating new software modules that can be used across the retail industry and used across NCR's financial, travel and hospitality industries globally.
“Combining Retalix's impressive team and portfolio with NCR will create a powerful enterprise-class software platform capable of delivering a sustained competitive advantage in the retail industry,” said Shuky Sheffer, chief executive officer of Retalix. “Together, we will enable our customers to deliver a superior omni-channel shopping experience.”
The transaction, which is expected to be completed in the first quarter of 2013, is still subject to approval.