Octopus Exits Finance in Zynstra for £100m to NCR

Octopus Venture

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.

Source: https://www.penews.com/articles/octopus-sells-retail-tech-business-for-100m-to-ncr-20191227

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