NCR Planned Business Split Creates NCR Voyix and NCR Atleos

The two businesses created by the planned separation of NCR will retain “NCR” in their names.

The digital commerce business will be called NCR Voyix, while the ATM business will be named NCR Atleos, NCR Corp. said in a Monday (July 24) press release.

“In speaking with thousands of stakeholders to finalize each company’s name, it became clear that ‘NCR’ is a proven badge of experience and service that customers, industry analysts and employees encouraged NCR to retain,” the company said in the release.

The company announced its plans to separate into two independent, publicly traded companies in September 2022 and expects the move to be completed in the fourth quarter, according to the press release.

NCR Voyix will leverage NCR’s industry-leading software to transform and connect global retail, hospitality and digital banking technology platforms to create a digital commerce experience. The name “is a nod to the ever-present vision, innovation and partnership that NCR offers its customers as we work with them in their voyage to succeed,” NCR CEO Michael D. Hayford said in the release.

The other new business, NCR Atleos, will build on NCR’s solutions that enable customers to meet global demand for ATM access and drive market growth. NCR Atleos, a name that refers to an atlas or map, is a reflection of the strength of the NCR brand and the company’s success in creating best-in-class solutions for banks and retailers across their networks, Hayford said in the release.

The naming process for NCR’s two new businesses included surveys, research and engagement of thousands of stakeholders, including employees, customers, investors and industry analysts, according to the press release.

“We took the responsibility of renaming a company with more than 130 years of history very seriously,” NCR Chief Marketing Officer Jennifer Personette said in the release. “The strength of both brands, which build on our existing positive brand value, is evident in our recent momentum of the business and customer feedback.”

During a May 4 earnings call, NCR reported that it was continuing to sign new deals for both segments even as it readies to split into two separate public companies.

“Upon separation, we believe each company will benefit from increased operating and financial flexibility in pursuit of respective and distinct opportunity sets,” Hayford said at the time.