Michael D. Hayford

VC backed D3 technologies Inc. has been acquired today by Atlanta based NCR (previously known as National Cash Register) Technologies which develops consumer transaction technologies for the retail, financial, travel, hospitality, telecom, and technology industries.

Before its acquisition, the Nebraska-based Fintech had raised over $34 million. With over 3 million users on its platform D3 Banking specializes in developing, API-driven digital banking platform for financial institutions, this seems to be one of the major reasons behind the merger as it enables NCR to enjoy large economies of scale.

According to the supplier, with its acquisition of D3 technologies, NCR can accelerate its digital First Banking strategy, which includes the integration of the customer experience across all self-service channels such as online and mobile banking, ATMs, Interactive Teller Machines and other Banking software solutions, complemented by NCR’s consulting, advisory and support services.

Michael D. Hayford, president of NCR corporation comments “D3 has a well-earned reputation for innovation and product excellence and delivers one of the most advanced digital platforms for large banks, NCR’s Digital First Banking solutions help financial institutions connect with consumers whenever, wherever, and this acquisition helps NCR provide banks of all sizes with an exceptional digital experience.”

Financial terms of the transaction were not disclosed.

by Megha Bhattacharya
Market Analyst at IBS Intelligence