News

NCR strengthens self-service solution portfolio

October 4, 2004

DAYTON, Ohio - NCR has acquired Kinetics, a privately held company and provider of self-service solutions for the travel industry, for $26 million. After accounting for all related costs, it is anticipated that the acquisition will be neutral to NCR's 2004 earnings.

Lake Mary, Fla.-based Kinetics provides solutions that include airline self-check-in, hotel self-check-in/check-out, quick-serve restaurant pre-order and self-service event ticketing. The acquisition covers the systems, software and services developed and marketed by Kinetics. Kinetics will operate as a subsidiary of NCR, and its employees will remain with Kinetics.

"Kinetics' expertise, software platform and systems are strategic additions to our self-service portfolio, enabling us to further extend our market reach and leadership to additional segments, like airline and hotel check-in, quick-service food ordering and event ticketing," said Lee Schram, senior vice president of NCR's Retail Solutions Division.

Kinetics produces hardware and software solutions, as well as engineering, developmental and preventive maintenance services designed to help businesses capture more revenue, expand distribution channels and enhance customer service. Kinetics technologies support all consumer channels, including kiosks, Web, PDAs, cell phones and phones (natural speech recognition).