|NCR Acquires StopLift, Gains Powerful Anti-Theft Solution for Self-Checkout|
This transaction reinforces NCR’s strategic focus on self-checkout solutions that provide the best possible shopper experience and return on the investment for retailers. NCR will integrate StopLift’s Artificial Intelligence capabilities that detect unusual and possibly fraudulent behavior into its retail store transformation solutions. StopLift’s loss prevention management features will help NCR address retailers’ concerns over shrink. NCR is the global leader in self-checkout technology with more than 250,000 installations worldwide.
“This acquisition will help NCR accelerate growth in our market-leading
self-checkout and store transformation solutions,” said NCR President
and Chief Executive Officer,
“We have been working with NCR since 2016 to integrate our patented technology with SmartAssist, which successfully detects shrink at the checkout counter with NCR’s self-checkout solutions,” explained Malay Kundu, founder and CEO of StopLift. “As retailers are looking to embrace frictionless checkout, our combined technologies will bring the advantages of loss prevention management to NCR’s global customer base in this critical time of retail transformation.”
The two companies anticipate a smooth transition for customers, channel partners and employees.
StopLift Checkout Vision Systems markets its patented ScanItAll
technology designed to detect and deter shoplifting and employee theft
in retail businesses across the globe. It uses Artificial Intelligence
to analyze and compare security video and POS data to identify unscanned
items at retail and supermarket checkouts. To date, it has confirmed
more than 3.1 million scan avoidance incidents at manned and
self-checkouts around the globe. StopLift is headquartered in
Cautionary Statement Regarding Forward-Looking Statements
Statements in this announcement regarding the transaction, the benefits
of the transaction, general business outlook and any other statements
about the future expectations, beliefs, goals, plans or prospects of the
board or management of NCR constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including
statements containing the words "expects," "intends," "anticipates,"
"estimates," "predicts," "believes," "should," "potential," "may,"
"forecast," "objective," "plan," or "targets" and other similar
expressions) are intended to identify forward-looking statements. There
are a number of factors that could cause actual results or events to
differ materially from those indicated by such forward-looking
statements, including: the potential impact of the transaction on
relationships, including with employees, suppliers and customers of NCR
and StopLift; the ability to achieve the value creation contemplated by
the transaction; and the other factors and financial, operational and
legal risks or uncertainties described in the NCR’s public filings with
NCR Public Relations