NCR To Buy Hospitality And Retail POS Software Company Radiant Systems For $1.2 Billion

NCR is buying Radiant Systems, a company that develops point-of-sale systems and software to the hospitality and specialty retail industries, for $1.2 billion in cash, or $28.00 per share. The deal is expected to close during the third quarter of 2011. NCR says it will raise approximately $1.1 billion of new funded debt to finance the transaction. NCR is using Radiant Systems to expand into another software vertical, in addition to its financial and retail businesses. Radiant's SaaS caters to a variety of industries and markets including stadiums, arenas, cinemas, restaurants, gas stations, convenience stores, museums, wine and liquor stores and other speciality retail stores. ]]>