Transoft

History

2012

The NCR corporation purchased in the fall of 2012 Transoft company, the leading supplier of management programs for cash for financial institutions and the companies of the sphere of retail. As a result of the transaction all staff of Transoft, its software and SaaS services will become a part of division of financial services of NCR. It will allow NCR to expand the line of solutions for cash management with money, and in the long term — to offer financial institutions and retail stores the unique integrated platform for cash management. Terms of transaction are not disclosed.

The solutions Transoft provide cash management with money in hundreds of thousands of ATMs, departments of banks, storages and retail stores around the world. The Transoft programs use difficult techniques of statistical analysis, helping financial institutions and retail stores to optimize and reduce the price of work with cash. According to calculations of analysts of NCR, the size of the market of cash management money (the integrated solutions including hardware, the software and services) can reach 1 billion US dollars.

"Access to solutions and experience of Transoft will help to propose NCR to the clients the unique solution for cash management money — Peter Leav, the executive vice president of NCR corporation says. — Financial institutions implement new intellectual services, will reorganize work of the departments and branches to make service the most convenient for clients. As a result, cash management money becomes harder and harder. We consider that the solutions Transoft have the big future in the market. Software and cloud services of Transoft and also extensive experience of NCR in the field of development of ATMs and systems for departments of banks will allow us to make clients really unique proposal".

According to ATMIA Association, up to 30% of annual expenses on ATMs it is the share of cash management money. According to estimates of ATMIA, the effective strategy of cash management money can help financial institutions to save from 3000 to 10 000 US dollars a year counting on each department. Transoft technologies will be integrated into a solution portfolio of NCR which includes consulting services on work with cash today and also different devices of self-service, including ATMs, the "electronic cashier" systems with recirculation and cash registers.

"A story of our partnership with NCR contains 18 years. With the advent of new technologies of recirculation of cash and data exchange with the central bank in our industry a new era began. Now the most successful time to transfer our relations with NCR to new level — Bo Holmgrin says (Bo H. Holmgreen), president and chief executive of Transoft. — The global scope of business of NCR will help us to lay a way for our solutions on the new markets. We are sure: our technologies and experience and also the fine solutions NCR will allow us to propose to our clients really profitable and convenient solutions".