Atlanta-based NCR Corp., a global enterprise technology company for the retail, hospitality and banking industries, announced Monday it is acquiring U.K.-based Zynstra, a provider of edge virtualization technology.

By virtualizing back and front office, businesses can realize hardware cost savings and more effectively manage enterprise technology. For example, with a simple swipe of the screen, a device can change from a POS terminal to an inventory management console, according to a press release.

"This acquisition is another demonstration of our strategy to acquire new companies to enhance product capabilities and extend our leadership in the vertical industries we serve," NCR President and CEO Michael Hayford, said in the release. "The addition of Zynstra's virtualization technology to our software stack gives NCR even more solutions to help our customers run their store or restaurant end-to-end." 

NCR purchased Zynstra for approximately 100 million pounds ($129 million). The acquisition is expected to be slightly dilutive to earnings per share in 2020. 

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