CimpleBox to help NCR meet the needs of small and medium-sized
businesses
DULUTH, Ga.--(BUSINESS WIRE)--Mar. 1, 2016--
NCR Corporation (NYSE:NCR), the global leader in consumer transaction
technologies, today announced that it has completed the acquisition of
CimpleBox, Inc., a provider of simplified SaaS-based back-office
software to restaurant operators and retailers. Financial terms of the
transaction were not disclosed.
NCR is committed to helping restaurant operators and retailers with
lower operational complexity leverage cloud and mobile technologies to
take their businesses to the next level. Already integrated with the NCR
Silver™ mobile point-of-sale solution portfolio, the CimpleBox software
suite helps businesses reduce the amount of time spent on manual
processes, consolidates data and scheduling across multiple sites and
gives management visibility into the business and day-to-day operations.
“Our goal is to bring technology innovation and simplicity to small
businesses to help them grow and be successful,” said Paul Langenbahn,
President of NCR’s Hospitality Division. “This acquisition supports
NCR’s strategy to provide businesses with all shapes and sizes with the
solutions they need to modernize their operations.”
“The integrated NCR Silver™ and CimpleBox solution has delivered our
franchise system a powerful platform to conduct everything from enhanced
sales reporting to inventory management,” said Dave Guido, senior vice
president of operations, at Bruster’s, a chain of ice cream parlors. “As
a franchisor, we need to offer a higher level of functionality than some
small business solutions deliver – and the combination of the two
solutions more than meets our needs.”
John Eucalitto, president of Wayback Burgers, noted that the integrated
solution is ideal for franchise restaurants, like his. “We prefer to
spend our time engaging customers and not managing complex technology,”
Eucalitto said. “By further expanding its offering through CimpleBox,
NCR provides us with the technology we need to improve our customers’
in-store experience and help our managers and employees streamline
routine back-office tasks in a user-friendly manner.”
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 550 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries. The company encourages investors
to visit its web site which is updated regularly with financial and
other important information about NCR.
Website: www.ncr.com;
www.ncrsilver.com
Twitter:
@NCRCorporation;
@NCRSilver
Facebook:
www.facebook.com/ncrcorp
LinkedIn:
www.linkedin.com/company/ncr-corporation
YouTube:
www.youtube.com/user/ncrcorporation
Note to Investors. This release contains forward-looking
statements. Forward-looking statements use words such as “expect,”
“anticipate,” “outlook,” “intend,” “believe,” “will,” “should,” “would,”
“could” and words of similar meaning. Statements that describe or relate
to NCR’s plans, goals, intentions, strategies or financial outlook, and
statements that do not relate to historical or current fact, are
examples of forward-looking statements. The forward-looking statements
in this release include statements about the expected benefits of the
acquisition of CimpleBox. Forward-looking statements are based on our
current beliefs, expectations and assumptions, which may not prove to be
accurate, and involve a number of known and unknown risks and
uncertainties, many of which are out of NCR's control. Forward-looking
statements are not guarantees of future performance, and there are a
number of important factors that could cause actual outcomes and results
to differ materially from the results contemplated by such
forward-looking statements, including those factors relating to:
domestic and global economic and credit conditions including, in
particular, market conditions and spending trends in the financial
services industry, fluctuations in oil and commodity prices and their
effects on local, regional and global market conditions, and economic
and market conditions in Russia and China; the impact of our
indebtedness and its terms on our financial and operating activities;
the impact of the terms of our strategic relationship with Blackstone
and our Series A Convertible Preferred Stock; foreign currency
fluctuations; our ability to successfully introduce new solutions and
compete in the information technology industry; the transformation of
our business model and our ability to sell higher-margin software and
services; our ability to improve execution in our sales and services
organizations; defects or errors in our products or problems with our
hosting facilities; compliance with data privacy and protection
requirements; manufacturing disruptions; collectability difficulties in
subcontracting relationships in Emerging Industries; the historical
seasonality of our sales; the availability and success of acquisitions,
divestitures and alliances; our pension strategy and underfunded pension
obligation; the success of our ongoing restructuring plan; tax rates;
reliance on third party suppliers; development and protection of
intellectual property; workforce turnover and the ability to attract and
retain skilled employees; environmental exposures from our historical
and ongoing manufacturing activities; and uncertainties with regard to
regulations, lawsuits, claims and other matters across various
jurisdictions. Additional information concerning these and other factors
can be found in the Company's filings with the U.S. Securities and
Exchange Commission, including the Company’s most recent annual report
on Form 10-K, quarterly reports on Form 10-Q and current reports on Form
8-K. Any forward-looking statement speaks only as of the date on which
it is made. The Company does not undertake any obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160301006908/en/
Source: NCR Corporation
NCR Corporation
Tim Henschel, 770-299-5100
tim.henschel@ncr.com