Veritas Capital, a $40bn private investment firm focused on companies that provide critical products, software, and services to government and commercial customers, is to acquire NCR Voyix’s cloud-based digital banking business for $2.45bn in cash.
The terms of the transaction include a future additional contingent consideration of up to $100m.
NCR Voyix’s digital banking platform is currently the largest independent platform of its kind in the United States. It currently serves more than 1,300 financial institutions and over 20m active users.
This transaction is part of the NCR Voyix’s ongoing efforts to streamline its operations to focus specifically on its core software and services offerings for restaurants and retailers around the world.
