There is big news today in the point of sale industry. It was just announced that international payments giant NCR Corporation is acquiring Retalix, an Israeli-based point of sale software company with US headquarters in Texas. The deal was rumored to be worth a potential $800 million in cash, but the final transaction came in at approximately $650 million.
Retalix's software is used in 70,000+ retail locations worldwide. NCR CEO Bill Nuti issued a statement on the transaction:
"Retalix is a strong, strategic fit for NCR and the combination of our two companies will drive significant value for both our shareholders and customers. Retalix's market-leading software and services capabilities will enhance NCR's retail solutions, creating a world-class portfolio of offerings. That innovation plus the addition of exceptional talent to our team positions NCR as the global leader in retail innovation."
NCR has previously acquired another point of sale software provider, Radiant Systems, in 2011. It is expected that the retail systems giant will aim to build on the success of that partnership with this new POS software solution acquisition.
What does this mean for smaller POS software providers and end users? Is bigger better? What do you think?