NCR Corp. (NCR) will offer its Retalix StorePoint point-of-sale (POS) and fuel management software to Suncor Energy Inc. (SU). Financial terms of the deal were not disclosed.
Canada-based renowned energy company Suncor engages in refining of crude oil and natural gas and marketing of petroleum and petrochemical products. It has more than 1,500 retail stores operating under the Petro-Canada brand name. Petro-Canada stores sell petrol, lubricants and have car wash/repair and food services facilities. They also allow customers to earn points over purchase of petrol and lubricants and repairing/washing of cars.
Per the deal, Suncor will use Retalix StorePoint software to enhance its entire store operations from forecourt fuel management to stock replenishment management, from food service management to back-office operations. The software will enable Suncor Energy to boost shopper’s experience by providing better services and prompt payment options.
Earlier this month, NCR’s Retalix Transportation Management software was deployed by Massdiscounters, a leading retail division of MassMart Management Group. With this solution, Massdiscounters aims to improve its logistics operations by automating scheduling processes, synchronizing yard and other activities such as dock management and optimizing inbound and outbound shipments. The solution also helps to save costs associated with logistics and provides enhanced supply chain productivity, compliance and visibility.
The success of Retalix software can be attributed to NCR’s strategic decision to acquire retail software and services company Retalix Ltd. in Dec 2012. The $650.0 million acquisition was a conscious decision by NCR to strengthen and enhance its enterprise software platform, thereby creating a new software base to be used across the retail industry. This would ultimately influence NCR's exposure in the financial, travel and hospitality industries all over the world.
During first quarter 2013, NCR witnessed a 41.0% rise in Retail solutions revenues with solid contributions from Retalix acquisition. We expect the momentum to continue and believe that growing demand for NCR’s retail solutions will support revenue growth in the upcoming quarters.
Currently, NCR Corp. has a Zacks Rank #2 (Buy). Investors could also consider similar stocks such as Concurrent Computer Corp. (CCUR) and IBM Corp. (IBM). Both of them have a Zacks Rank #2 (Buy).
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment