DULUTH, Ga., March 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
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-- 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.