NCR said it has completed its acquisition of Digital Insight,the online banking pioneer with its roots deep in the credit unionindustry.

The Georgia-based ATM maker announcedin December it was buying California-based Digital Insight for$1.65 billion in cash, just a few months after a group of privateequity investors had bought it from Intuit for $1.025 billion.

Founded Digital Insight in 1995 by two former staffers of creditunion core processor XP Systems, the company became one of thefirst and largest providers of online banking software to creditunions. In 2007 it was sold to Quicken owner Intuit, and in 2010 the Digital Insight name was retired before being restored byThoma Bravo, the equity firm that bought it in 2013.

“Our acquisition of Digital Insight comes at a time whenfinancial institutions around the world are looking closely attheir retail network strategies and searching for an omni-channelconsumer experience,” NCR Chairman/CEO Bill Nuti said in hiscompany's formal announcement late Friday.

“Our financial services business is nowuniquely positioned with a market-leading SaaS platform to helpbanks transform their physical and digital business models. Thisacquisition strengthens NCR's branch transformation strategy andpositions the company for long-term growth, accelerated marginexpansion and earnings appreciation,” Nuti said.

DI has roughly 1,000 financial institution clients, 330 of themcredit unions. NCR said it has more than 26,000 employees and doesbusiness in 180 countries.