NCR Corporation Has Acquired Terafina, Inc.


Advisory Role: Krall & Co. Inc. advised Terafina in connection with this transaction.

Announcement Date: February 5, 2021.

Target: Terafina is a SaaS provider of a comprehensive digital sales platform that unifies the customer experience across online, branch and call center channels for medium-sized banks and credit unions. The platform enables three lines of business (retail, small business, and commercial) across six product areas (consumer deposit accounts, consumer lending, residential mortgage lending, small business deposits, and business lending). It offers more than 50 connectors that provide API-based integration with the customer’s software vendors, including core processors, loan origination systems, online/mobile banking systems, compliance solution providers, and identity check and authentication solution providers. Terafina is core and CRM agnostic. The Company was founded in 2014 and is headquartered in San Ramon, California.

Buyer: NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR offers a range of solutions that help businesses of all sizes run the store, run the restaurant and run self-service banking channels. Its portfolio includes digital first offerings for banking, restaurants and retailers, as well as payments processing, multi-vendor connected device services, automated teller machines (ATMs), point of sale (POS) terminals and self-service technologies. The Company also resells third-party networking products and provides related service offerings in the telecommunications and technology sectors. NCR is headquartered in Atlanta, Georgia and has 36,000 employees globally.

Deal Rationale: Terafina is a fit with NCR’s Digital First Banking platform. Terafina and NCR have been partners in marketing their respective products, and the Terafina platform is already integrated with the Digital First Banking platform. NCR has been building its digital banking software business in part through acquisitions. NCR acquired Digital Insight Corporation in December 2013, and D3 Technology, Inc. in July 2019.

Terms: NCR Corporation has acquired Terafina, Inc. Terms were not disclosed.