Toshiba snaps up IBM's cash register business

The Japanese company plans to buy IBM's point-of-sale terminal business, which includes cash registers and related devices, with a view to boosting its cloud-based retail offerings

Toshiba plans to buy IBM's point-of-sale terminal business, which includes cash registers and related devices.

The deal has been struck for 68 billion yen (£533m). IBM's technology will strengthen Toshiba's cloud-based retail services, which enable stores, shoppers, manufacturers and others to exchange information and offer services, according to its statement on Tuesday.

"The opportunities in retail store solutions are expected to grow by increasing demand in POS [point-of-sale] systems. In addition, demand for multi-channel integration and enhancement of store back office management accelerates further expansion of sales," Mamoru Suzuki, president and chief executive of Toshiba, said in the statement.

For more on this ZDNet UK-selected story, see Toshiba buying IBM's point-of-sale terminal biz on ZDNet Asia.


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