Banking software provider NCR has snapped up D3 Technology, a digital banking services provider that focuses on large banks.
The companies did not reveal the value of the deal.
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NCR said that the purchase will ramp up its Digital First Banking strategy, including integration of the customer experience across various self-service channels.
The acquisition is said to expand NCR’s Digital Banking business into the market for large banks in the US and gradually international banks.
Until now, NCR offered cloud-based tools for community banks.
Through the purchase, the firm intends to expand its offering to on-premise solutions for large banks.
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By GlobalDataNCR expects the transaction to be “slightly dilutive to EPS in the first year”.
NCR president and CEO Michael Hayford said: “D3 has a well-earned reputation for innovation and product excellence and delivers one of the most advanced digital platforms for large banks.
“NCR’s Digital First Banking solutions help financial institutions connect with consumers whenever, wherever, and this acquisition helps NCR provide banks of all sizes with an exceptional digital experience.”
D3 CEO Mark Vipond too welcomed the deal, calling NCR a “great fit”.
Vipond noted: “This transaction enables us to capitalise on new market opportunities and bring top-tier capabilities to our mutual and future clients.”
