IBM Sells Retail Systems Biz To Rival Toshiba For $850 Million
April 23, 2012 Dan Burger
IBM, the global leader in point of sale and related retail store systems, has checked out. Big Blue has bagged another portion of its hardware business, and the IBM cash register is singing to the tune of $850 million. Stepping up as buyer and partner is Toshiba TEC, which cartwheels from fourth to first in the POS field leaving behind the likes of Hewlett Packard, NCR, Panasonic, and Fujitsu. That trio has yet to react to the sale and multi-year agreement between IBM and Toshiba, which creates a formidable tandem. Toshiba, which is Japan’s |