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Will Veritas Capital rebrand the acquired digital banking and neobank business by June 30, 2025?
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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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