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NCR finalizes Digital Insight purchase

January 13, 2014

NCR Corp. announced on Friday that it has completed its previously announced acquisition of Digital Insight Corp., a provider of online and mobile banking solutions. NCR purchased the company from Thoma Bravo LLC for $1.65 billion.

In its Dec. 2 announcement of the deal, NCR said that Digital Insight would complement and extend its existing capabilities in the banking industry to help FIs reduce legacy costs and enable solutions for new, more nimble branches.

In a statement upon completion of the purchase, NCR chairman and CEO Bill Nuti said:

Our acquisition of Digital Insight comes at a time when financial institutions around the world are looking closely at their retail network strategies and searching for an omnichannel consumer experience. Our financial services business is now uniquely positioned with a market-leading SaaS platform to help banks transform their physical and digital business models. This acquisition strengthens NCR’s branch transformation strategy and positions the company for long-term growth, accelerated margin expansion and earnings appreciation.

RBC Capital Markets LLC acted as lead financial advisor to NCR. JPMorgan and Bank of America Merrill Lynch also acted as financial advisors on the transaction; Womble Carlyle Sandridge & Rice LLP acted as legal counsel. 

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