NCR Corp. (NCR) Acquires Cost Optimization Software Provider Transoft Int'l

September 7, 2012 4:08 PM EDT Send to a Friend
NCR Corporation (NYSE: NCR) has acquired Transoft International, Inc., a global leader in cash cost optimization software for financial institutions and retailers. NCR will integrate Transoft’s software and SaaS-based product suite and employees into its Financial Services line of business in order to strengthen NCR’s existing cash management offering, eventually bringing financial institutions and retailers a unique and compelling integrated cash management solution. Terms of the deal are not disclosed.

Transoft manages cash for hundreds of thousands of ATMs, branches, vaults and retailers around the world. Its cash cost optimization software uses complex statistical analysis to help financial institutions and retailers optimize their cash requirements and reduce costs associated with cash handling. NCR believes that cash management represents a $1 billion segment for integrated technology hardware, software and services solutions.

According to the ATMIA, cash management accounts for nearly 30 percent of an ATM’s annual expenses. ATMIA also estimates that effective cash management strategies can save a financial institution from $3,000-$10,000 a year within a branch. Transoft’s software solution will combine with NCR’s existing portfolio of Cash Management Consulting services and media handling self-service devices, such as ATMs, teller cash recyclers (TCRs), and teller automation technology.


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