NCR buys Cimplebox to target SMBs

The point-of-sale and ATM company will use Cimplebox to better target smaller enterprises.

NCR said it has acquired Cimplebox, which provides cloud back-office services to small and mid-sized retailers and restaurants.

Terms of the deal weren't disclosed.

NCR's purchase is part of an ongoing effort to focus on software and cloud services. Cimplebox, which automates manual processes and provides dashboards to manage multiple sites, is already a NCR partner and integrates with the company's point-of-sale software and equipment.

According to a statement, NCR plans to use Cimplebox and its Silver tablet point-of-sale terminal to target franchise owners.

Last month, NCR reported fourth quarter earnings of 27 cents a share on revenue of $1.68 billion, down 5 percent from a year ago. Non-GAAP earnings for the quarter were 92 cents a share. Wall Street was expecting fourth quarter non-GAAP earnings of 87 cents a share.

NCR said that its performance was solid courtesy of retail and hospitality sector wins.

For 2016, NCR projected revenue of $6.1 billion to $6.2 billion with non-GAAP earnings of $2.72 a share to $2.82 a share. First quarter revenue will be between $1.44 billion and $1.45 billion with non-GAAP earnings of 30 cents a share to 35 cents a share. That outlook fell short of expectations.