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.

Chilean firms in the food and forestry sectors are finding fertile ground in Georgia as they expand into the U.S., taking advantage of a free trade agreement they say has room to bear more fruit 11 years after better connecting the two economies.  More
A cybersecurity forum to be held Aug. 20-21 will give 10-15 Israeli firms a chance to pitch their products to chief information officers from some of Atlanta’s top technology companies, reciprocating the warm welcome city leaders received on a trade mission to Israel earlier this year.  More