Why NCR Acquired D3 Technology

By Annie Baker ● July 9, 2019
  • NCR Corporation recently announced it acquired online and mobile banking company D3 Technology. These are the details behind the deal.

NCR Corporation — a tech leader for the financial industry — recently announced it acquired D3 Technology. D3 Technology is a leading provider of online and mobile banking for the Large Financial Institution (LFI) market. And adding D3 immediately expands NCR Digital Banking into new market segments, including U.S. large banks and over time, international banks.

“D3 has a well-earned reputation for innovation and product excellence and delivers one of the most advanced digital platforms for large banks,” said NCR Corporation president and CEO Mike Hayford. “NCR’s Digital First Banking solutions help financial institutions connect with consumers whenever, wherever, and this acquisition helps NCR provide banks of all sizes with an exceptional digital experience.”

The customer-focused solutions D3 developed have become a leading digital platform for large banks. And the expansion of NCR’s digital banking solution portfolio means that in addition to delivering one of the industry’s strongest solutions in the cloud for the Community Financial Institution (CFI) market, it can provide a leading on-premise solution built for the needs of LFIs.

“NCR is a great fit for D3 and the timing is right for us to combine forces to create a powerful digital transformation platform for large financial institutions. This transaction enables us to capitalize on new market opportunities and bring top-tier capabilities to our mutual and future clients,” added D3 CEO Mark Vipond.

D3 is accelerating NCR’s Digital First Banking strategy — which includes the integration of the customer experience across all self-service channels like online and mobile banking, ATMs, Interactive Teller Machines and other Banking software solutions, complemented by NCR’s consulting, advisory, and support services.

The financial terms of the deal were undisclosed. And the transaction is expected to be slightly dilutive to EPS in the first year.