NCR Voyix Debuts on New York Stock Exchange

NCR Voyix, a provider of digital commerce solutions, has made its debut on the New York Stock Exchange following the spinoff of its ATM-focused businesses.

The company, listed under the ticker symbol “VYX,” aims to accelerate its platform conversions, expand services, deepen customer relationships and capture additional market share, it announced in a Tuesday (Oct. 17) press release.

“Our strong base of blue-chip customers will continue to benefit from our end-to-end solutions, which will be further enhanced by the strategic focus and operational agility of our new organization,” NCR Voyix CEO David Wilkinson said in a statement. “As we enter this next phase and execute on our strategy, we will be able to deliver solid growth, profitability and value creation for our shareholders.”

NCR Voyix, headquartered in Atlanta, has about 16,000 employees spread across 35 countries. The company has a goal of transforming retail stores, restaurant systems and digital banking experiences through its platform-led software-as-a-service capabilities.

NCR Voyix was one of two companies split from NCR, as PYMNTS reported Monday (Oct. 16). The split — which also created ATM-focused NCR Atleos — was conducted to “unlock value,” NCR Board of Directors Executive Chairman Frank R. Martire said when announcing the move last September.

NCR reported revenue close to $2 billion in the second quarter, with a year-over-year decline of 1%. However, the company generated $154 million of free cash flow during the quarter, surpassing its goal of reaching $500 million of free cash flow for the past three quarters.

Recent reports suggested that NCR was in talks with Brink’s, a cash and valuables management company, regarding a potential merger involving NCR’s ATM business. However, Brink’s denied these rumors, saying that it was not engaged in discussions about a strategic transaction with NCR.

While NCR declined to comment on the speculation, sources revealed that NCR and Brink’s were in advanced talks about a merger that would create a combined company worth approximately $12 billion. The proposed deal, structured as a reverse Morris trust, would allow NCR to merge its $5.5 billion ATM business with Brink’s, providing NCR shareholders with a significant stake in the combined company on a tax-free basis.