M&A Deal Summary

NCR Voyix Acquires Netkey

On November 2, 2009, NCR Voyix acquired software company Netkey from Updata Partners

Acquisition Highlights
  • This is NCR Voyix’s 5th transaction in the Software sector.
  • This is NCR Voyix’s 7th transaction in the United States.
  • This is NCR Voyix’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2009-11-02
Target Netkey
Sector Software
Buyer(s) NCR Voyix
Sellers(s) Updata Partners
Deal Type Add-on Acquisition

Target

Netkey

East Haven, Connecticut, United States
Netkey develops, markets and supports innovative software products that allow companies to manage high volumes of self-service customer transactions and increase opportunities for multi-channel sales.

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Buyer(S) 1

Buyer

NCR Voyix

Atlanta, Georgia, United States

Category Company
Founded 1881
Sector Information Technology
Employees15,500
Revenue 3.8B USD (2023)
DESCRIPTION
NCR's corporate headquarters in Atlanta, Georgia.
NCR's corporate headquarters in Atlanta, Georgia.

NCR Voyix is a global technology company focused on providing an ATM and POS manufacturer. The company provides products and services that enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. NCR Voyix was founded in 1881 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 10 of 35
Sector (Software) 5 of 14
Type (Add-on Acquisition) 9 of 32
State (Connecticut) 1 of 1
Country (United States) 7 of 23
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-20 NCI

United Kingdom

NCI’s Teller Cash Connectivity suite of applications provides a single software platform that enables the connection of teller automation devices without modification of the branch application, or full integration with a wide range of branch platforms for online use of devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-10 DVDPlay

Campbell, California, United States

DVDPlay is a creator and manufacturer of fully automated and remotely managed retail machines.

Buy -

Seller(S) 1

SELLER

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $100 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.


DEAL STATS #
Overall 12 of 45
Sector (Software) 8 of 20
Type (Add-on Acquisition) 8 of 32
State (Connecticut) 1 of 1
Country (United States) 12 of 40
Year (2009) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-07 Everest Software

Dulles, Virginia, United States

Everest Software specializes in business enterprise solutions for small to mid-size firms with 1 to 1000 employees in retail, wholesale, distribution, mail order, service, and e-commerce. Everest Software was founded in 1994 and is based in Dulles, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 CoreStreet

Cambridge, Massachusetts, United States

CoreStreet is the only provider of massively scalable validation products for identity management and access control. With CoreStreet's Real Time CredentialsTM organizations can control physical and logical access to buildings, computer networks, applications and devices.

Sell -