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Cardtronics

cardtronics.com

Founded Year

1989

Stage

Acq - Pending | Acquired

Total Raised

$75M

Valuation

$0000 

About Cardtronics

Cardtronics (NASDAQ: CATM) is an independent owner and operator of ATMs that helps merchants increase convenience for their customers and provides thousands of people with fast and convenient locations to make deposits, cash checks, transfer money, and pay bills.

Headquarters Location

2050 West Sam Houston Parkway South Suite 1300

Houston, Texas, 77042,

United States

+1 832 308 4000

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Expert Collections containing Cardtronics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cardtronics is included in 2 Expert Collections, including Payments.

P

Payments

2,571 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

7,750 items

US-based companies

Cardtronics Patents

Cardtronics has filed 3 patents.

The 3 most popular patent topics include:

  • Payment service providers
  • Payment systems
  • Application programming interfaces
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/12/2015

Payment systems, Automated teller machines, Banking technology, Interbank networks, Banking

Application

Application Date

1/12/2015

Grant Date

Title

Related Topics

Payment systems, Automated teller machines, Banking technology, Interbank networks, Banking

Status

Application

Latest Cardtronics News

Its Stock Battered, NCR Is Reportedly Mulling a Leveraged Buyout

Jul 20, 2022

NCR Corp., a publicly traded banking and payments equipment manufacturer and software provider, could go private if rumors of a pending leveraged buyout prove true. The Wall Street Journal reported Tuesday that NCR was in exclusive talks with the private-equity firm Veritas Capital about a possible acquisition. The report noted that a deal could be weeks away, with no guarantees one will be completed. NCR’s stock jumped nearly 13% Tuesday on the buyout rumors, closing at $32.78 per share, up $3.68 from Monday’s $29.10 close. A spokesperson for Atlanta-based NCR did not respond to a Digital Transactions News inquiry Wednesday morning. NCR’s stock has trailed major market indexes for years, making the company an acquisition candidate. In February, NCR announced it was conducting a strategic review led by its board of directors “to evaluate a full range of strategic alternatives available to enhance both NCR’s value and shareholder returns.” NCR made its name first in manufacturing cash registers, and then ATMs and other point-of-sale equipment for grocery stores and retailers. In recent years, however, it has made major pushes into software and services for banks and retailers in an effort to establish a steadier, less cyclical revenue stream with higher growth potential. NCR’s goal is to get 80% of its revenues by 2026 from recurring services, and it’s nearly three-fourths of the way toward achieving that goal. The company’s 2021 annual report says 72.7% of the year’s $7.16 billion in revenues came from software and services, with 27.3% from hardware. In 2019 those respective percentages were 65.5% and 34.5%. The company has gone shopping as part of that transition away from manufacturing. Last year NCR bought Cardtronics plc https://www.digitaltransactions.net/in-the-wake-of-the-ncr-cardtronics-deal-experts-point-to-some-intriguing-scenarios/, the leading non-bank ATM network operator, for $2.5 billion, including debt. And in January NCR bought cryptocurrency software provider LibertyX for $69 million. But there have been bumps in the road. NCR’s stock tumbled after the company reported first-quarter earnings in April. “NCR had a challenging first quarter due to supply-chain and other cost issues, which dragged their stock down in recent months, but the latest rumors about a possible private-equity buyout have put NCR back in the spotlight again,” Sam Ditzion, chief executive of Boston-based ATM industry consulting firm Tremont Capital Group, tells Digital Transactions News by email. Ditzion adds that “manufacturing ATM hardware has become an increasingly smaller portion of NCR’s business over the past decade. NCR has successfully diversified into retail, hospitality, service, and software, and seems to be focused on building out its payment-processing and managed-services capabilities following its recent acquisition of Cardtronics.” NCR hasn’t announced yet when it will report second-quarter earnings. Share

Cardtronics Frequently Asked Questions (FAQ)

  • When was Cardtronics founded?

    Cardtronics was founded in 1989.

  • Where is Cardtronics's headquarters?

    Cardtronics's headquarters is located at 2050 West Sam Houston Parkway South, Houston.

  • What is Cardtronics's latest funding round?

    Cardtronics's latest funding round is Acq - Pending.

  • How much did Cardtronics raise?

    Cardtronics raised a total of $75M.

  • Who are the investors of Cardtronics?

    Investors of Cardtronics include NCR Corporation and TA Associates.

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