tech:

taffy

NCR Acquires Transoft International

[Techtaffy Newsdesk]

NCR  has acquired cash cost optimization software company Transoft International. Terms of the deal were not disclosed.

NCR will integrate Transoft’s software and SaaS-based product suite and employees into its Financial Services line. Transoft’s software solution will combine with NCR’s existing portfolio of Cash Management Consulting services and media handling self-service devices, such as ATMs, teller cash recyclers (TCRs), and teller automation technology.

Transoft manages cash for hundreds of thousands of ATMs, branches, vaults and retailers around the world. Its cash cost optimization software uses statistical analysis to help financial institutions and retailers optimize their cash requirements and reduce costs associated with cash handling.

NCR believes that cash management represents a $1 billion segment for integrated technology hardware, software and services solutions. Cash management accounts for nearly 30 per cent of an ATM’s annual expenses.

[Image Courtesy: NCR]

Just in

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.

Leidos awarded $143M Defense Intelligence Agency technology platform contract

Leidos has obtained a task order contract from the Defense Intelligence Agency's (DIA) Science & Technology Directorate. This contract tasks Leidos with the creation and implementation of a comprehensive system for managing open-source intelligence

Staff say Dell’s return to office mandate is a stealth layoff, especially for women — The Register

The implications of choosing to work remotely, we're told, are: "1) no funding for team onsite meetings, even if a large portion of the team is flying in for the meeting from other Dell locations; 2) no career advancement; 3) no career movements; and 4) remote status will be considered when planning or organization changes – AKA workforce reductions," writes Thomas Claburn. 

Orkes raises $20M

Cupertino, CA-based Orkes, a company focused on the scaling of distributed systems, has raised $20 million.

Motorola Solutions appoints Nicole Anasenes to board

Motorola Solutions announced the appointment of Nicole Anasenes to its board of directors. Ms. Anasenes has over two decades of experience in leadership roles across software and services, market development, acquisitions, and business transformation.