ATM manufacturer NCR Corp. (NCR) in Duluth, Ga., has completed its $1.65 billion acquisition of online and mobile banking provider Digital Insight Corporation.
"Our acquisition of Digital Insight comes at a time when financial institutions around the world are looking closely at their retail network strategies and searching for an omni-channel consumer experience," NCR Chairman and Chief Executive Bill Nuti said in the release. "Our financial services business is now uniquely positioned with a market-leading SaaS platform to help banks transform their physical and digital business models. This acquisition strengthens NCR's branch transformation strategy and positions the company for long-term growth, accelerated margin expansion and earnings appreciation."
NCR is a hardware and electronics company with more than 26,000 employees. Digital Insight is based in Menlo, Calif.