NCR Voyix Corporation announced 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.”
____________
NCR Voyix Corporation is a leading global provider of digital commerce solutions for the retail and restaurant industries. NCR Voyix empowers retailers and restaurants to transform their customers experiences through a comprehensive cloud-based platform and extensive services capabilities. Headquartered in Atlanta, Georgia, it serves customers in more than 30 countries.
Candescent is the largest independent digital banking platform in the United States. Candescent currently serves more than 1,300 financial institutions representing more than 29 million registered users.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
