The all-cash deal includes a future additional contingent consideration of up to $100m and is forecast to close by the end of this year, subject to the approval of regulators. NCR Voyix’s digital banking platform offers a suite of software solutions aimed at supporting the digital transformation of banks, credit unions and other financial institutions.
David Wilkinson, CEO of NCR Voyix, says that Veritas is “the ideal owner of our digital banking business”, adding that the deal “allows us to drive value for our shareholders by strengthening our financial position and focusing on our core restaurant and retail customers”.