NCR Corp. is to acquire for $650 million an Israeli software company based in Atlanta’s sister city, Ra’anana.

Retalix Ltd.’s software and services are used in more than 70,000 retail locations in over 50 countries. Its clients include supermarkets, convenience stores, fuel stations, drugstores and department stores.

Retalix’s strength with blue-chip retailers will be “highly complementary to NCR,” according to an NCR news release dated Nov. 28.

According to the release, NCR also expects to use Retalix’s software to accelerate the development of NCR’s enterprise software platform for use across the retail industry as well as NCR’s clients in the financial, travel and hospitality industries.

Under the terms of their agreement, Retalix is to merge with a subsidiary of NCR, and Retalix shareholders are to receive $30 in cash per share of Retalix common stock.

The transaction is to be completed in the first quarter of 2013 subject to approval by Retalix shareholders and other customary closing conditions.

Duluth-based NCR provides software and support services to the retail, financial, travel, hospitality, gaming, public sector, and telecom carrier and equipment industries in more than 100 countries.

For more information about NCR, click here, and for Retalix, here.

By the time she was 12, Christy Plott Redd was hanging up tanned alligator skins at trade show booths with her father in Hong Kong. Now, the family business has grown even more global, requiring the red-haired Georgia girl now known as the “Alligator Queen” to be just as at home in the high fashion houses of Europe as she is the bayous of Louisiana.  More
In 2006, Yosef Abramowitz and his wife, a rabbi, brought their five kids to a southern Israeli kibbutz for a writing sabbatical.  More