December 29, 2009

People on the move - NCR creates new role

NCR Corp. (NYSE:NCR) has hired Richard Bravman as vice president of corporate development. In the newly created role, Bravman, who will also oversee marketing, will lead business development strategy to drive top-line growth.

Aggressive NCR adds corporate development post (Corporate Dealmaker)

He joins from Intelleflex Inc., where he was chief executive and led initiatives including acquisitions and expansion into markets including India. In 2004, Bravman formed the early stage investment firm Coastal Ventures.

Bravman's appointment comes as NCR makes an aggressive push into the DVD rental kiosk market. As The Deal's Sara Behunek noted in this post, the technology firm best known for its ATM operations has fast become the No. 2 rental kiosk firm behind Coinstar Inc.'s (NASDAQ:CSTR) Redbox. NCR got into the space after signing an agreement in August 2008 to build kiosks for Blockbuster Inc. (NYSE:BBI). Then in April, it acquired TNR Holdings Corp., operator of 2,200 kiosks in the U.S. and Canada.

Bravman isn't the only new hire. NCR this summer poached Alex Camara from rival Coinstar to head up its Entertainment Solutions unit. - Suzanne Stevens

Posted by staff at December 29, 2009 11:16 AM