NCR Voyix Corp sells cloud-based digital banking business to Veritas Capital for $2.55bn in cash.

NCR Voyix Corp's shares rose after it agreed to sell its cloud-based digital banking business to Veritas Capital for $2.45bn in cash, with potential additional contingent consideration of up to $100m. The deal is part of NCR Voyix's strategy to streamline its operations and focus on its core software and services for the restaurant and retail sectors. The company plans to use the sale proceeds to reduce debt and increase strategic investments in its core business areas.

August 06, 2024
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