Hyderabad-based Tyche Peripheral Systems Limited, a player in the retail automation industry, has announced a tie-up with NCR Corporation, a $6-billion global technology company. | |
| Through this tie-up, NCR has announced the launch of its retail automation offerings, including point-of-sale (POS) solutions and kiosks for the Indian market. |
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| According to the agreement, Tyche will be responsible for sales and support of NCR's retail solutions in India. NCR has a management centre in Mumbai that will provide remote support services to the customers. |
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| Addressing the media, Shrihari Bhat, general manager (retail solutions "� South East Asia), NCR Corporation India Private Limited, said, "Tyche's existing presence gives us a strong reach in the country." |
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| He added that the POS market was estimated to grow at the rate of 30-40 per cent, thus making it the right time for them to launch their retail automation offerings in India. |
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| "This agreement benefits Tyche as it enables us to bring international products into the Indian market," Pradeep Chauhan, managing director, Tyche Peripheral Systems Limited, said. The Rs 35-crore company is eyeing a turnover of Rs 50-crore in 2006-07. |
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