NCR splits into two separate companies

News

NCR splits into two separate companies

Antony Savvas

NCR Corporation has announced its intention to separate into two independent publicly traded companies, through the spin off of 100% of the company's Teradata Data Warehousing business to holders of shares of NCR common stock.

The transaction, expected to be tax-free to NCR and its shareholders, will enable the two publicly traded companies to better focus on their distinct customer base, business strategy and operational needs, said NCR.

Teradata is a leading company in the enterprise datawarehousing market. NCR remains a leader in automated teller machines (ATMs), retail self-checkout systems, automated bill payment systems, and airline, hotel and hospital self-check-in/out kiosks. 

Bill Nuti, NCR CEO, said, "This separation is a logical strategic step for NCR. We believe it will benefit our customers, business partners, employees and shareholders. 

“Teradata and the new NCR operate in different markets each with solid prospects for the future, but they have markedly different business models,” said Nuti.

Following the separation, Nuti will serve as president and CEO of NCR, and Mike Koehler, currently senior vice-president of the Teradata division, will serve as president and CEO of Teradata.

Comment on this article: computer.weekly@rbi.co.uk


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy