NCR Corporation Acquired Transoft International (NCR, CHSP)
[Chesapeake Lodging Trust has acquired the 429-room Hyatt Regency Mission Bay Spa and Marina]
Online PR News – 08-September-2012 – Las Vegas, NV – NCR Corporation (NYSE:NCR) NCR has acquired Transoft International, Inc., a global leader in cash cost optimization software for financial institutions and retailers. NCR will integrate Transofts software and SaaS-based product suite and employees into its Financial Services line of business in order to strengthen NCRs existing cash management offering, eventually bringing financial institutions and retailers a unique and compelling integrated cash management solution. Terms of the deal are not disclosed. NCR Corporation is a global technology company leading how the world connects, interacts and transacts with business. NCRs assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, hospitality, gaming, public sector, telecom carrier and equipment organizations in more than 100 countries. NCR Corporation (www.ncr.com) is headquartered in Duluth, Georgia.
Chesapeake Lodging Trust (NYSE:CHSP) CHSP has acquired the 429-room Hyatt Regency Mission Bay Spa and Marina, located in San Diego, California for a purchase price of $62.0 million, or approximately $144,500 per key. The Trust funded the acquisition with available cash on hand and a borrowing under its revolving credit facility. The Trust assumed the existing management agreement with Hyatt Hotels Corporation. CHSP is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 14 hotels with an aggregate of 4,465 rooms in six states and the District of Columbia. For more information about CHSP visit www.chesapeakelodgingtrust.com.
Crown Equity Holdings Inc. (CRWE) CRWE Tube, (www.crwetube.com) a video sharing site of CRWE, allows billions of people around the world to upload, watch and share original videos. With online videos continuing to experience explosive, viral growth and the web rapidly moving from text to video, businesses will need to adapt to the shift in video distribution technology or quickly become irrelevant to their consumers who anticipate seeing video everywhere online. CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Crown Equity Holdings advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information about Crown Equity Holdings Inc. visit www.crownequityholdings.com .
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