- December 3, 2013
- News Bulletin
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- Acquisitions, Alaric, Digital Insight Corporation, NCR
PayX News Bulletin – Alaric acquired by NCR in strategic trade sale for $84m
On 2nd December 2013, NCR Corporation announced that it has completed the acquisition of Alaric Systems Limited for a purchase price of approximately $84 million, and has also entered into a definitive agreement with Digital Insight Corporation, a leader in online and mobile banking solutions, for a purchase price of $1.65 billion.
According to NCR, ‘the acquisitions of Alaric Systems continues a strategic plan of transformative acquisitions across all of the company’s three core lines of business and will enhance NCR’s existing capabilities, delivering the industry’s most comprehensive suite of retail banking solutions.’
“This is a historic day for NCR,” said NCR chairman and CEO, Bill Nuti. “With the announcements of our agreement to purchase Digital Insight and our acquisition of Alaric Systems, NCR becomes a powerful, global FinTech solutions provider enabling retail banks to deliver on the promise of omni-channel capabilities – on top of an unparalleled, innovative software platform.”
Source: NCR Corporation