FOR IMMEDIATE RELEASE
Corum Leads Acquisition IDVELOCITY by NCR Corporation
Bellevue, Washington April 17, 2006 Corum Group is proud to announce the acquisition of its client, IDVelocity by NCR Corporation. IDVelocity is one of the leading providers of RFID infrastructure technologies. With more than 200 implementations of its infrastructure and process management software, IDVelocity helps companies collect, move and utilize data from millions of RFID and other Auto-ID transactions each day.
There are great synergies between these two companies and the acquisition provides significant benefits to both parties. It enables IDVelocity to leverage the resources and presence of NCR to greatly expand its market penetration. IDVelocitys software extends NCRs current RFID solution portfolio and supports and broadens the analytic capabilities of NCRs powerful Teradata® Warehouse within the supply chain, explains Dick Davis, Corums Regional Director.
About IDVelocity:
IDVelocity is a global leader in RFID infrastructure and process management software. ADC, IDVelocitys pioneering technology platform, dramatically reduces the effort to create, deploy and support fixed and mobile solutions using RFID and all other forms of Auto-ID. Using the efficiency of Design, Draw and Deploy techniques, IDVelocity has hundreds of live, in-production implementations with major corporations around the world producing significant, documented return on investment. For additional information, visit www.idvelocity.com.
About NCR Corporation:
NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCRs Teradata® data warehouses, ATMs, retail systems, self-service solutions and IT services provide Relationship Technology™ that maximizes the value of customer interactions and helps organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,200 people worldwide.
About Corum:
Corum Group Ltd. is the premier provider of M&A services to software and information technology companies worldwide. With ten offices globally, Corum has completed over $5 billion in transactions in 14 countries in its 20-year history, and publishes the software industrys most widely distributed M&A research. Corum is built and staffed by highly experienced former CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than $20 million to build the worlds largest IT database of software companies worldwide (with over 70,000 contacts) to help ensure unparalleled success in client engagements. For more information visit www.corumgroup.com.
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