NCR to add store virtualization through Zynstra acquisition
In the same manner as customer-interaction tools can integrate into a point-of-sale terminal, NCR Corp. is ready to turn the POS screen into a virtual business office.
Atlanta-based NCR is preparing to take its retail, hospitality and banking technology services into a virtual concept after announcing this week it had acquired U.K.-based Zynstra. NCR purchased Zynstra, a provider of edge virtualization technology, for $129 million.
By virtualizing back and front office, businesses using Zynstra technology can lower hardware costs and more effectively manage enterprise technology. Once the technology is in place, users can swipe the screen of a device to change it from a POS terminal to an inventory management console or other business tool.
"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," Michael Hayford, president and CEO at NCR, said in a press release.
"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," Hayford added.