NCR Voyix Corporation (NYSE:VYX) Company Profile
NCR Voyix Corporation (NYSE:VYX) was founded in 1884 and formerly known as NCR Corporation. After spinning off its ATM manufacturing business in October 2023, it focuses on the software and services sector, providing professional solutions for multiple industries in many places around the world.
I. Company Introduction
NCR Voyix Corporation was founded in 1884, with its headquarters in Atlanta, Georgia, and has 15,500 full-time employees. It is the remaining business of the former NCR Corporation after spinning off the ATM manufacturing business, NCR Atleos Corporation, in October 2023, and mainly provides software and services in many places around the world.
Official Website: https://www.ncrvoyix.com/
II. Main Business Segments
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Retail Segment: Provides a comprehensive API point-of-sale (POS) retail software platform and applications, hardware terminals and peripheral devices, payment processing solutions, and consumer engagement solutions. It also includes self-service kiosks (such as self-checkout SCO), serving grocery stores, pharmacies, and box retailers, etc.
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Food and Beverage Segment: Provides technology solutions for customers in the food and beverage industry, such as table service, fast food, and fast-casual restaurants. It covers cloud-based and platform-based software applications in many aspects, including point-of-sale, back office, payment processing, etc., as well as hardware products such as POS terminals and kitchen display systems.
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Digital Banking Segment: Provides software, services, hardware, and digital banking solutions for consumers and commercial customers of financial institutions. It also provides solutions for bank channel services, transaction processing, imaging, and branch services.
III. Technological and Business Advantages
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Historical and Brand Advantages: Its predecessor, NCR Corporation, was founded in 1884 and has a long history. It has accumulated high brand awareness and customer trust, and has a deep foundation in the industry.
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Diversified Business Advantages: Its business covers multiple fields such as retail, food and beverage, and digital banking, which can meet the needs of customers in different industries, disperse market risks, and achieve the coordinated development of technology and services through cross-industry experience.
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Technological and Solution Advantages: It provides comprehensive and professional software, hardware, and service solutions, and continuously acquires related technology companies to enhance its own technological strength. It can keep up with the development trend of industry technology and provide high-quality solutions for customers.
IV. Development History
| Time | Key Events |
|---|---|
| 1884 | Established in Dayton, Ohio |
| 1991 | Acquired by AT&T, and acquired Teradata in the same year |
| 1995 | The microelectronics division and the storage systems division were sold to Hyundai Electronics; AT&T decided to divest NCR |
| 1997 | Became an independent company again on January 1; Acquired Compris Technologies in July; Acquired Dataworks Inc. in November |
| 1998 | Cooperated with the Montgomery County Historical Society to preserve archives; Sold computer hardware manufacturing assets |
| 2000 | Acquired Ceres Integrated Solutions and 4Front Technologies |
| 2003 | Acquired Copient Technologies in April; Mark Hurd replaced Lars Nyberg as CEO |
| 2006 | Acquired IDVelocity and Tidel's ATM manufacturing division |
| 2007 | Announced the spinoff of Teradata in January and planned to restructure the ATM manufacturing business; The spinoff of Teradata was completed in October; Acquired Touch Automation LLC in December |
| 2008 | Established a global reseller partnership with Experticity in October |
| 2009 | Relocated its headquarters near Duluth, Georgia; Acquired The New Release and DVD Play |
| 2010 | Completed the acquisition of Netkey |
| 2011 | Acquired Radiant Systems in August |
| 2013 | Acquired Retalix in February |
| 2014 | Acquired Digital Insight Corporation in January |
| 2016 | Mark Benjamin was appointed President and Chief Operating Officer in September |
| 2018 | Relocated its headquarters to Midtown Atlanta in January; Mike Hayford was appointed CEO in April; Acquired JetPay in October |
| 2019 | Planned to build a campus in Belgrade, Serbia |
| 2021 | Reached an agreement to acquire Cardtronics in January; The largest IT center and campus in Europe opened in Serbia in October |
| 2022 | Announced the spin-off of its digital commerce and ATM businesses in September |
| 2023 | Announced the names of the companies after the spin-off in July; The spin-off was completed in October, and the digital commerce business became NCR Voyix Corporation |
| 2024 | NCR Voyix considered selling its digital business in May; There were reports that it was evaluating the sale of its digital banking business in July; Announced the sale of its cloud-based digital banking business to a Veritas affiliate for $2.45 billion in August |
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