Octopus Venture, the venture capital firm, has sold its share in Zynstra to an enterprise technology firm, NCR, for £100m. Octopus Venture is a part of the Octopus Group that had acquired Zynstra in 2013 and has played a vital role in Zynstra’s growth and business expansion.
Zynstra is a virtualization technology firm for retailers that provides managed cloud IT infrastructure. The company now plans to accelerate its vision for the technology market as a part of NCR.
Octopus feels that the transition would be evidence of the innovation and resilience of team Zynstra and its strategic offerings in the retail market.