NCR Buys Netkey to Provide End-to-End Kiosk and Digital Signage Solution

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Mon Nov 2, 2009 8:30am EST

Acquisition Advances NCR`s Self-Service Growth and Leadership across Multiple
Industries
DULUTH, Ga.--(Business Wire)--
NCR Corporation (NYSE: NCR) announced today that it has purchased the assets of
Netkey, Inc., a market-leading provider of kiosk and digital signage software
applications used by leading companies to deliver a growing range of
multi-industry self-service applications such as gift registry, guided selling,
endless aisle and human resources functions. Terms were not disclosed. 

ABI Research predicts that companies will spend more than $1 billion globally on
digital signage solutions next year, growing at an average of 20 percent per
year for the next five years, while kiosk deployments will grow an average of 19
percent per year during the same period. 

Netkey`s enterprise software platform uses a proven scalable architecture that
enables fast and flexible development of applications for kiosk and digital
signage-based solutions. NCR will combine Netkey`s software platform with its
own technologies to provide a best-in-class enterprise solution, which includes
software applications, one of the broadest hardware portfolios in the industry,
and a suite of services. NCR will continue to provide multivendor hardware
support with the Netkey solution. 

Headquartered in East Haven, Conn., Netkey has over 75,000 kiosks and digital
signs installed by more than 400 clients in the retail, finance, transportation,
and government sectors. Many of these customers also use NCR`s kiosk,
self-checkout or point-of-sale solutions. 

"This acquisition makes perfect sense from a customer perspective," said Jenny
Hinsman, vice president of kiosk solutions for Pitney Bowes. "We use Netkey`s
application on NCR`s hardware for our Mail & Go Shipping kiosk. We now have one
point of contact and, more importantly, are dealing with one company that is now
even better positioned to lead the advance and growth of the self-service
industry." 

Netkey will provide NCR with a robust digital signage application that is built
on the same platform as Netkey`s kiosk applications, making NCR`s solutions
faster to deploy and easier to support. 

"Consumers increasingly expect to interact with companies when and how they
wish, and businesses are responding by offering their customers a seamless
experience across the channel of their choice," said Mike Webster, vice
president and general manager for NCR`s retail line of business. "This
acquisition will enable NCR to help its customers across multiple industries
with kiosk and digital signage solutions that deliver more effective
transactions, promotions and information as part of a merged channel strategy. 

"In doing so, NCR will take a best-in-class solution, combine it with
best-in-class hardware and services, and deliver compelling competitive
advantage, ultimately on a global basis. 

Our approach is an example of NCR executing its software-driven,
hardware-enabled and services-led corporate strategy." 

About NCR Corporation

NCR Corporation (NYSE: NCR) is a global technology company leading how the world
connects, interacts and transacts with business. NCR`s assisted- and
self-service solutions and comprehensive support services address the needs of
retail, financial, travel, healthcare, hospitality, entertainment, gaming and
public sector organizations in more than 100 countries. NCR (www.ncr.com) is
headquartered in Duluth, Georgia. 

NCR is a trademark of NCR Corporation in the United States and other countries. 

Note to investors - This news release contains forward-looking statements,
including statements as to anticipated or expected results, beliefs, opinions
and future financial performance, within the meaning of Section 21E of the
Securities and Exchange Act of 1934. Forward-looking statements include
projections of revenue, profit growth and other financial items, future economic
performance and statements concerning analysts` earnings estimates, among other
things. These forward-looking statements are based on current expectations and
assumptions and involve risks and uncertainties that could cause NCR`s actual
results to differ materially. 

In addition to the factors discussed in this release, other risks and
uncertainties include those relating to: the uncertain economic climate, in
particular the current global credit crisis, could impact the ability of our
customers to make capital expenditures, thereby affecting their ability to
purchase our products, and consolidation in the financial services sector could
impact our business by reducing our customer base; the timely development,
production or acquisition and market acceptance of new and existing products and
services (such as self-service technologies), including our ability to
accelerate market acceptance of new products and services; shifts in market
demands, continued competitive factors and pricing pressures and their impact on
our ability to improve gross margins and profitability, especially in our more
mature offerings; the effect of currency translation; short product cycles,
rapidly changing technologies and maintaining a competitive leadership position
with respect to our solution offerings; tax rates; ability to execute our
business and reengineering plans, including potential impact from our recent
transition from a business unit to functional organizational model; turnover of
workforce and the ability to attract and retain skilled employees, especially in
light of continued cost-control measures being taken by the company;
availability and successful exploitation of new acquisition and alliance
opportunities; changes in Generally Accepted Accounting Principles (GAAP) and
the resulting impact, if any, on the company`s accounting policies; continued
efforts to establish and maintain best-in-class internal information technology
and control systems; and other factors detailed from time to time in the
company`s U.S. Securities and Exchange Commission reports and the company`s
annual reports to stockholders. The company does not undertake any obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.

NCR Corporation
Peter Tulupman, 212-589-8415
peter.tulupman@ncr.com

Copyright Business Wire 2009

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