News

NCR Corp. acquires Zynstra for $129.3M

December 23, 2019

NCR Corp. has acquired Zynstra, a U.K.-based provider of virtualization technology, for approximately 100 million British pounds ($129.3 million).

NCR and Zynstra have worked together for several years, reflected in the launch of NCR Software Defined Store, a subscription-based virtualization solution, introduced in January 2019 and in use by companies like Pilot Flying J, according to a press release.

By virtualizing back and front office technology, businesses can realize hardware cost savings and enterprise technology management can be much more cost effective.  For example, with a simple swipe of the screen a device can change from a POS terminal to an inventory management console.

"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," Michael D. Hayford, NCR president and CEO, said in the release.

A recent study commissioned by NCR, and conducted by Forrester Research, found an average organization with approximately 750 retail stores could see a 164% return on investment through store.

"Software Defined Store is strategic for us, virtualizes all our in-store systems and is delivering a great return on investment," said Mike Rodgers, CIO, Pilot Flying J., in the release.

Image courtesy of NCR Corp.