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Who will lead the acquired digital banking and neobank business by March 31, 2025?
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Resolution / Starting Odds
Current NCR Voyix executives • 25%
Veritas Capital executives • 25%
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Other • 25%
Official announcements from Veritas Capital or the acquired entity, major financial news outlets
Story
NCR Voyix Sells Digital Banking and Neobank Business to Veritas Capital for $2.45B+
Aug 6, 2024, 01:21 PM
NCR Voyix has entered a definitive agreement to sell its digital banking business to private equity firm Veritas Capital for $2.45 billion. The sale is part of NCR Voyix's strategy to streamline its operations and focus on software solutions for retailers and restaurants. The digital banking platform, which serves over 1,300 US financial institutions, will be acquired in an all-cash transaction. This move marks a significant shift in NCR Voyix's business strategy as it pivots away from digital banking to concentrate on its core software offerings. The acquisition, valued at $2.45B+, includes NCR Voyix's neobank business.
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