Wincor Nixdorf

Wincor Nixdorf AG
Aktiengesellschaft
Traded as FWB: WIN
Industry Information technology
Founded 1952
Headquarters Paderborn, Ostwestfalen-Lippe, Germany
Key people
 Eckard Heidloff (President and CEO), Alexander Dibelius (Chairman of the supervisory board)
Products Computer hardware, software, IT services and consulting for bank branches and retail stores; including ATMs and electronic point of sale systems
Revenue €2.427 billion (2014/2015)[1]
€21.851 million (2014/2015)[1]
Profit €7.772 million (2014/2015)[1]
Total assets €1.507 billion (September 2015)[2]
Total equity €391.440 million (September 2015)[2]
Number of employees
 9,100 (September 2015)[3]
Website www.wincor-nixdorf.com

Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), retail banking equipment, lottery terminals, postal terminals, software and services for global financial and commercial markets. On August 15, 2016, through the merger of Wincor Nixdorf and Diebold Inc., Diebold Nixdorf was formed as an international technology and services company.[4]

History

Founded by Heinz Nixdorf, Nixdorf Computer was formed in 1952. In 1990 the company was purchased by Siemens AG and renamed Siemens Nixdorf Informationssysteme. The company was re-focused exclusively on its current product set in 1998 and renamed Siemens Nixdorf Retail and Banking Systems GmbH. Following a buyout by Kohlberg Kravis Roberts and Goldman Sachs Capital Partners on October 1, 1999, the company was renamed Wincor Nixdorf. The company was taken public May 19, 2004 with a successful IPO. On November 8, 2006, Chief Executive Officer Karl-Heinz Stiller announced his resignation from the Board of Directors. Eckard Heidloff was elected as his replacement[5]

Corporate relationships

IBM

Following the end of the InterBold partnership in 1997, IBM eventually entered into a re-distribution arrangement with Wincor Nixdorf. IBM sells and services Wincor Nixdorf machinery in several countries in the Americas.[6]

Unisys

Unisys also has a relationship with Wincor Nixdorf in some Latin American countries such as Brazil.

Security issue

On 12, July, 2016, the media reported at least 34 ATMs of Taiwanese First Commercial Bank were hacked using Malware heist. Over 70 million Taiwan dollar (equivalent to 2 million USD) were withdrawn illegally. The manufacturer of the ATMs is Wincor Nixdorf.[7] By the investigated authority, the cross-national criminal hacker group used mobile devices instead of bank cards to activate the cash withdrew process.[8] Security experts from the company were sent to investigate the security breach. [9] There are approximately a thousand cash machines of the same kind hacked in this incident in Taiwan were waiting for further through investigation. [10]

On 17, July, 2016, Taiwan authority declares case solved. The hacker group are composed by 16 people from Russia, Romania, and Latvia. [11]

Notes and references

  1. 1 2 3 "Annual Report 2014/15". Wincor Nixdorf. Retrieved May 30, 2016.
  2. 1 2 "Annual Report 2014/15". Wincor Nixdorf. Retrieved May 30, 2016.
  3. ↑ "Annual Report 2014/15". Wincor Nixdorf. Retrieved May 30, 2016.
  4. ↑ "Newly combined Diebold Nixdorf unveils logo". Ohio.com. August 16, 2016. Retrieved 2016-09-14.
  5. ↑ BREAKING: Stiller steps down, Heidloff named Wincor's new CEO atmmarketplace.com Nov 8, 2006.
  6. ↑ Wincor Nixdorf Germany
  7. ↑ "Suspect flees Taiwan after NT$70 million stolen from ATMs: police". Retrieved 2016-07-18.
  8. ↑ "ATM heist not an inside job: First Commercial Bank - Taipei Times". www.taipeitimes.com. Retrieved 2016-07-18.
  9. ↑ Kottasova, Ivana (2016-07-14). "Taiwan bank ATMs spew out millions after hack". CNNMoney. Retrieved 2016-07-18.
  10. ↑ "Taiwan seeks two Russian suspects in $2 million ATM malware heist". Reuters. 2016-07-13. Retrieved 2016-07-18.
  11. ↑ "Taiwan says foreign suspects arrested over $2 million ATM cyber robbery". Fortune. 2016-07-17. Retrieved 2016-07-18.
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