In a deal linking two suppliers to the retail banking industry, IBM is to sell its non-cash financial self-service business to NCR.
With effect from today, NCR will acquire production and sales of two IBM solutions — the 4725 multifunction statement and information printer terminal and the 5994 kiosk terminal, which offers transaction and information capabilities to consumers.
“This deal will help NCR to expand our non-cash business to supplement our world-leading position of cash-dispensing ATMs,” said Danny O’Brien, NCR’s Vice President for self service solutions worldwide. “We see a very healthy future for non-cash solutions as banks seek to build closer relationships with consumers.”
“NCR has the necessary experience and service organization to provide our customers continued support for their non-cash self service devices,” said Ronald P. Lewis, General Manager, Retail Banking Industry, IBM Worldwide.
IBM has been a leading provider of these two solutions for many years, especially in Germany, Austria and France and will continue to provide solutions and services to banking self-service customers after the deal.
The two companies will co-operate closely in Central Europe, with IBM continuing to service the installed base for both lines. Both companies will offer services for new installations, which will be offered through NCR’s direct and indirect channels.
About IBM Corporation
IBM Corp. is the leader in creating, developing and manufacturing the world’s most advanced information technologies, including computer systems, software, networking systems, storage devices and microelectronics. The IBM Finance Sector provides a complete range of products, end-to-end solutions, service and strategic advice customized for banks or financial institutions. As the industry’s leading provider of solutions to help customers become e-businesses, it can integrate or implement particular components selected by the client allowing solutions uniquely suited to a bank’s requirements. The worldwide operating Finance Sector offers an exceptional breadth and depth of skills and knowledge. For further information please visit the IBM Financial Sector Web site at .
More information about IBM Corp. and its products can be found on the World Wide Web at .
About NCR Corporation
NCR Corporation is in the business of transforming transactions into relationships. NCR is a recognized world leader in data warehousing solutions, ATMs, point-of-sale, high performance scanners, and support services for retail, financial, and national accounts markets. NCR’s business solutions are built on the foundation of the company’s long- established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and world-leading hardware technology. More information about NCR and its products may be found on the World Wide Web at .Details