M&A Deal Summary

Veritas Capital Acquires NCR Voyix s Digital Banking

On September 6, 2024, private equity firm Veritas Capital acquired information technology company NCR Voyix s Digital Banking from NCR Voyix for 2.5B USD

Acquisition Highlights
  • This is Veritas Capital’s 9th transaction in the Information Technology sector.
  • This is Veritas Capital’s 6th largest (disclosed) transaction.
  • This is Veritas Capital’s 40th transaction in the United States.
  • This is Veritas Capital’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2024-09-06
Target NCR Voyix s Digital Banking
Sector Information Technology
Buyer(s) Veritas Capital
Sellers(s) NCR Voyix
Deal Type Divestiture
Deal Value 2.5B USD

Target

NCR Voyix s Digital Banking

Atlanta, Georgia, United States
NCR Voyix's Digital Banking is an independent platform that offers a digital-first product suite, that helps in transforming consumer and business digital banking with customer experience across channels in a simple, secure, and top-rated user experience.

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Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States
Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.

DEAL STATS #
Overall 41 of 41
Sector (Information Technology) 9 of 9
Type (Divestiture) 19 of 19
State (Georgia) 3 of 3
Country (United States) 40 of 40
Year (2024) 1 of 1
Size (of disclosed) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 OnSolve

Alpharetta, Georgia, United States

OnSolve delivers critical event management capabilities backed by unmatched industry expertise, which keeps our customers safe, informed, assured, and productive during a crisis. As a critical event management provider for enterprises, SMB organizations, and government entities, OnSolve provides a SaaS-based global platform that delivers risk intelligence, critical communications, incident management, and centralized control to help organizations mitigate risk and strengthen organizational resilience. OnSolve is based in Alpharetta, Georgia.

Sell -

Seller(S) 1

SELLER

NCR Voyix

Atlanta, Georgia, United States
Category Company
Founded 1881
Sector Information Technology
Employees15,500
Revenue 3.8B USD (2023)
DESCRIPTION
NCR's corporate headquarters in Atlanta, Georgia.
NCR's corporate headquarters in Atlanta, Georgia.

NCR Voyix is a global technology company focused on providing an ATM and POS manufacturer. The company provides products and services that enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. NCR Voyix was founded in 1881 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 2 of 2
Type (Divestiture) 3 of 3
State (Georgia) 2 of 2
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 LibertyX

Boston, Massachusetts, United States

LibertyX is a cryptocurrency software provider allowing customers to purchase bitcoin with cash. LibertyX developed the first bitcoin-capable ATM software in 2018, allowing cash-dispensing ATMs to also sell bitcoin after a simple software update. LibertyX was founded in 2014 and is based in Boston, Massachusetts.

Buy -
Mergr

Product

Company

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