Retalix Announces Shareholder Approval of Acquisition by NCR

Published in CSP Daily News

Companies expect to complete transaction in first fiscal quarter 2013

RA'ANANA, Israel -- Retalix Ltd., a leading global provider of retailer software and services, has announced that at a special general meeting of shareholders held Jan. 7, its shareholders approved the previously announced acquisition of Retalix by NCR Corp.

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The transaction is subject to regulatory approval and certain other closing conditions. In addition, under Israeli law, at least 30 days must elapse after the approval of the acquisition by the shareholders of Retalix before the acquisition may become effective. Retalix and NCR expect to complete the transaction during the first fiscal quarter of 2013.

Retalix provides its software and services to high-volume, high-complexity retailers, including general merchants, supermarkets, convenience stores, fuel stations, drugstores and department stores.

The company's products and services help its customers to manage and optimize their retail operations, differentiate their brand and build consumer loyalty, while providing retailers with the flexibility and scalability to support ongoing business transformation and growth. It offers solutions for point-of-sale (POS), sales channels and in-store management (including mobile and e-commerce), customer management and marketing, merchandising and logistics. By leveraging a multitude of deployment options, including Software-As-A-Service (SaaS), Retalix serves a large customer base of approximately 70,000 stores across more than 50 countries worldwide. The company's headquarters is located in Ra'anana, Israel, and its North America headquarters is located in Plano, Texas.

Duluth, Ga.-based NCR is a global technology company offering assisted and self-service solutions and comprehensive support services address the needs of retail, financial, travel, hospitality, gaming, public sector and telecom carrier and equipment organizations in more than 100 countries.