NCR Voyix Completes Sale of Digital Banking Business
NCR Voyix Corporation (VYX)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix” or the “Company”) announced today the completion of the previously announced sale of its Digital Banking business to Veritas Capital for a purchase price of $2.45 billion in cash plus future additional contingent consideration of up to $100 million.“The completion of this transaction represents a significant step forward for the Company as we narrow our focus on our core restaurant and retail businesses to drive enhanced long-term value for shareholders,” said David Wilkinson, CEO of NCR Voyix.“As a part of NCR Voyix, we were able to significantly scale our fully integrated digital-first platform and industry-leading portfolio over the last several years and emerge as the market leader in our space,” said Brendan Tansill, CEO of Candescent. “We look forward to continuing our growth journey as we expand our value proposition as a standalone company under our new brand, Candescent.”About NCR VoyixNCR Voyix Corp
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News
- NCR Voyix to Release Third Quarter 2024 Earnings Results on November 7, 2024Business Wire
- NCR Voyix Co. (NYSE: VYX) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "neutral" rating and a $14.00 price target on the stock.MarketBeat
- NCR Voyix Co. (NYSE: VYX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.MarketBeat
- Veritas Capital Completes Acquisition of NCR Voyix’s Digital Banking Business, Rebranding Business as CandescentBusiness Wire
- NCR Voyix Announces Reduction of $1.84 Billion of Debt and Other Obligations and Termination of Trade Receivables FacilityBusiness Wire