Partnerships / Acquisitions

NCR Expands Hospitality Reach With BEC Buy

NCR announced late last week the acquisition of BEC, a provider of hospitality point-of-sale (POS) technology based in Denver.

In a press release, NCR said the acquisition complements its existing presence as well as expands its coverage in the western part of the U.S.  NCR noted BEC was an NCR POS reseller for the last twenty-three years.

With the deal, NCR will directly manage more than 2600 sites including Qdoba, Snooze Eatery and Punch Bowl Social. All former BEC employees have accepted positions in NCR, the company said in the announcement. “We’re enhancing our ability to take care of our customers each and every day and expanding our overall Hospitality portfolio. This expansion builds on our proven strategy for NCR Hospitality and our commitment to the small- and medium-sized business segment, furthering our ability to provide value-added payments solutions,” said NCR president and chief executive officer Michael D. Hayford. Terms of the deal were not disclosed.

In the press release, NCR said the deal, combined with NCR investments in Aloha R&S and its commitment to its channel partners, builds on its strategy for NCR hospitality and its commitment to the small- and medium-sized business segment of the market.  NCR noted that BEC is now part of fourteen NCR local offices which provide NCR Hospitality with the local presence of providers close to the customers. “BEC has always focused on taking great care of our customers, delivering innovative solutions, and expanding our market reach,” said Audrey Borski, president of BEC. “We have found an amazing team at NCR that complements our values and have confidence in NCR’s long-term strategy and market opportunities.”

The deal with BEC marks another acquisition in recent months aimed at expanding its presence. In October it bought JetPay, the payment processing and human capital management company, for $184 million.  NCR, which has 34,000 employees and has operations in more than 180 countries, is a software as a service provider to enterprises in the retail, hospitality, telecom and technology industries.

——————————–

Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 Pay Advances: The Gig Economy’s New Normal, a PYMNTS and Mastercard collaboration, examines pay advances – full or partial payments received before an ad hoc job is completed – including how gig workers currently use them and their potential for future adoption.

TRENDING RIGHT NOW

To Top