NCR Corporation announced a definitive agreement to acquire Retalix Ltd., a provider of retail software and services, for approximately $650 million. The transaction is subject to approval by Retalix Ltd. shareholders and is expected to be completed in the first quarter of 2013.

The addition of Retalix will expand NCR's global position in the retail industry, building upon its integration of Radiant Systems into the NCR portfolio of solutions.

Transformation to software-driven business model

This acquisition extends NCR's commitment to its strategy and continued transformation to a hardware-enabled, software-driven business model, delivering solutions that improve business processes while enabling seamless consumer experiences across touch points, locations, and channels. The transaction is expected to accelerate NCR's corporate strategy by increasing the portfolio mix of higher-margin software and services, enabling increased value for our customers, and continued growth and improved margins for NCR shareholders.

Retalix software already in use in more than 50 countries

Retalix's software and services are deployed in more than 70,000 retail locations in over 50 countries, its blue-chip retailers will enable additional sales opportunities for NCR, providing knowledge in retail and adjacent industries. NCR also expects to use Retalix's software to accelerate the development of its enterprise software platform, creating new software modules that can be used across the retail industry as well as leveraged across NCR's financial, travel and hospitality industries.