NCR Corporation, a technology company for the retail, hospitality and banking industries, announced the acquisition of U.K.-based Zynstra, a provider of edge virtualization technology, for approximately £100 million.
The acquisition is expected to be slightly dilutive to earnings per share in 2020, NCR said on Monday.
NCR and Zynstra have worked together for several years, reflected in the launch of NCR Software Defined Store introduced in January 2019 and in use by companies like Pilot Flying J. This subscription-based virtualization solution is one of the critical pillars of NCR’s next-generation store architecture for the retail and hospitality industries.
By virtualizing back and front office technology, businesses can realize significant 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.
NCR CEO Michael D. Hayford said: “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.”
NCR Software Defined Store customers found that organization with 750 retail stores could see a 164 percent return on investment through store virtualization, according to a recent Total Economic Impact study commissioned by NCR and conducted by Forrester Research.