Private equity firm Thoma Bravo LLC said it sold mobile banking company Digital Insight to ATM maker NCR Corp for $1.65 billion after owning the company for about four months.Digital Insight, formerly Intuit Financial Services, was acquired by Thoma Bravo in August 2013 for $1.025 billion, the private equity firm said on Monday.Intuit bought Digital Insight, which was founded in 1995, for $1.35 billion in 2007.The sale is expected to close in the first quarter of 2014.
NCR Corporation (NCR) is a technology company, which provides products and services, which enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. Shares of NCR fell by 2.17% or $-0.76/share to $34.19. In the past year, the shares have traded as low as $23.78 and as high as $41.63. On average, 1915500 shares of NCR exchange hands on a given day and today's volume is recorded at 1930904.
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