NCR Corp. acquires Freshop to expand its grocery e-commerce footprint
Category: #technology  By Pranali Mehta  Date: 2021-01-08
  • share
  • Twitter
  • Facebook
  • LinkedIn
NCR Corp. acquires Freshop to expand its grocery e-commerce footprint

American leading software solutions provider NCR Corporation has reportedly acquired Freshop, one of the prominent companies in grocery e-commerce. Sources with relevant information stated that NCR will be able to help grocers capitalize on the growing e-commerce sector through this acquisition.

For those unversed, NCR Corporation is a leading software and services solutions provider for the hospitality, retail, and financial industries. Headquartered in Georgia, United States, the company currently has over 36,000 employees across the globe and specializes in developing barcode scanners, check processing systems, automated teller machines, point-of-sale terminals, and self-service kiosks. 

Freshop’s acquisition will allow NCR to offer retailers, specifically small grocery chains and retailers the ability to quickly implement ‘buy-online, pickup-in-store’ capabilities while serving consumer needs directly, sources claimed.

This combination will not only enable retailers to develop strong relationships with customers but also maintain their brand value as well as acquire better margins as compared to third-party e-commerce providers.

According to NCR Corporation, the ‘buy-online, pickup-in-store’ e-commerce solutions are likely to witness a y-o-y growth rate of 25% through 2025. Although third-party online solutions providers had initially bridged the demand gap during the COVID-19 pandemic, grocers currently intend to reclaim their customer experience.

President and CEO at NCR Corp. Michael D. Hayford reportedly stated that the company is currently focusing on expanding its software and services-led offerings. The addition of Freshop to NCR’s retail platform will allow the duo to offer better value to its customers as well as expand NCR’s capabilities, he added.

Meanwhile, Brian Moyer, CEO at Freshop mentioned that the company can now scale more rapidly by joining hands with an industry leader in retail technology.

Sources confirmed that NCR will integrate Freshop’s e-commerce capabilities in its Next-Generation Retail Store Architecture, such as the NCR Emerald, which allows retailers to not only streamline store operations but also introduce innovative processes at minimal cost and time.

The financial details of the transaction were not disclosed.

Source Credits –

https://www.businesswire.com/news/home/20210106005884/en/NCR-Adds-Freshop-E-Commerce-Solution-to-Retail%E2%80%99s-Leading-Enterprise-POS-Software-Platform

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

SK Innovation to hand LG Energy USD 1.8 billion to end EV battery spat
SK Innovation to hand LG Energy USD 1.8 billion to end EV battery spat
By Pranali Mehta

South Korean battery manufacturers SK Innovation Co. and LG Energy Solution have reached an agreement in a U.S. trade dispute. This has allowed the two companies to steer away from a potential setback for the country’s EV ambitions by sparring...

Twitch can now ban users for improper behavior beyond its platform
Twitch can now ban users for improper behavior beyond its platform
By Pranali Mehta

American live video streaming service Twitch has announced to have expanded its hate & harassment policy beyond its platform in an effort to make it relatively safer. This time the rules cover activities outside the platform such as membership i...

Intel unveils its latest Ice Lake Xeon processor for data centers
Intel unveils its latest Ice Lake Xeon processor for data centers
By Pranali Mehta

At its recent virtual “How Wonderful Gets Done 2021” launch program, U.S. chipmaker Intel Corp. launched its 3rd Gen Intel Xeon Scalable processors that will be dedicated towards edge computing, networking, cloud, and high-performance com...