NCR Corporation has acquired U.K.-based Zynstra for approximately £100 Million ($129 million USD).
Virtualizing back and front office technology can help businesses realize significant hardware cost savings and more cost-effective enterprise technology management. For example, with a simple swipe of the screen a device can change from a POS terminal to an inventory management dashboard.
“This acquisition is another demonstration of our strategy to acquire new companies to enhance product capabilities and extend our leadership in the vertical industries we serve,” said Michael Hayford, President and CEO of NCR in a statement. “The addition of Zynstra’s virtualization technology to our software stack gives NCR even more solutions to help our customers run their store or restaurant end-to-end.”
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In January 2019, NCR and Zynstra worked together to launch the NCR Software Defined Store, which is used by companies including travel center retailer Pilot Flying J. The subscription-based virtualization solution is one of the pillars of NCR’s next-generation store architecture for the retail and hospitality industries.
