NCR Corporation, originally known as National Cash Register, is a historic American company founded in 1884 in Dayton, Ohio. Starting with cash registers, it quickly became a pioneer in financial transaction technologies. Over time, NCR expanded its product range to include ATMs, self-service kiosks, and point-of-sale terminals, establishing itself as a key player in the IT sector for both financial and retail solutions.
Recently, in October 2023, NCR restructured to form two separate companies: NCR Voyix and NCR Atleos. NCR Voyix now focuses on digital commerce solutions tailored to the retail and restaurant sectors, building on the company's rich history to meet modern needs. Meanwhile, NCR Atleos continues the company’s legacy in financial tech, especially in managing ATM networks and self-service transaction systems. This split allows each branch to concentrate on its strengths and deliver specialized services to their customers.
1- Where is NCR Corporation based
NCR Corporation, now known as NCR Voyix, is headquartered at 864 Spring Street NW in Atlanta, Georgia. This impressive facility, located in Atlanta’s vibrant Midtown area, covers around 750,000 square feet and serves as a home base for roughly 5,000 employees. Situated near Georgia Tech, the location fosters a spirit of innovation and collaboration within one of the fastest-growing tech hubs in the U.S., making it ideal for a company with NCR's forward-thinking focus.
2- When was NCR Corporation founded
NCR Corporation was founded back in 1884 in Dayton, Ohio, originally known as the National Cash Register Company. It started out making mechanical cash registers but grew steadily over the years, evolving into a major name in financial transaction technology. Today, NCR is known for a wide range of innovations, from ATMs to point-of-sale systems and retail automation, marking over a century of contributions to the industry.
3- What kind of NCR Corporation company
NCR Corporation, now called NCR Voyix, is a prominent American technology company focused on digital commerce solutions, especially for the retail and restaurant sectors. Established in 1884 as the National Cash Register Company, it started with cash registers but has continually evolved, now offering a full range of products, including point-of-sale systems, self-service kiosks, and advanced software platforms.
In October 2023, NCR reorganized into two independent entities: NCR Voyix and NCR Atleos. NCR Voyix now leads the way in digital solutions for retailers and restaurants, aiming to improve customer experience and streamline operations. On the other hand, NCR Atleos concentrates on self-service financial solutions, particularly in the ATM industry, carrying on NCR’s legacy in financial tech. This split enables both companies to focus on their strengths in an ever-evolving tech landscape.
4- Who owns NCR Corporation
NCR Corporation, now known as NCR Voyix, is a publicly traded company listed on the New York Stock Exchange under the ticker symbol "VYX." Its ownership is spread across various shareholders, including major institutional investors, individual shareholders, and company insiders. Large institutional investors like The Vanguard Group, BlackRock, and State Street Corporation hold substantial shares in the company. Additionally, key insiders, such as executives and board members, also maintain significant stakes; for instance, Richard McGuire reportedly owns around 10.86 million shares, making up approximately 7.47% of the company. This diverse ownership base highlights a wide range of stakeholders committed to the company’s success and growth.
5- What is the main purpose of NCR Corporation
NCR Corporation, now known as NCR Voyix, is primarily focused on delivering digital commerce solutions that enhance customer experiences and make operations more efficient for businesses, particularly in the retail and restaurant industries. Their products range from point-of-sale systems to self-service kiosks and comprehensive software platforms designed to meet the demands of modern commerce.
In October 2023, NCR restructured into two separate entities: NCR Voyix and NCR Atleos. NCR Voyix is dedicated to helping retailers and restaurants engage customers more effectively and operate seamlessly. Meanwhile, NCR Atleos continues NCR’s longstanding role in financial technology, focusing on self-service solutions in the ATM industry. This separation allows each company to better serve its specific markets and areas of expertise.
6- How many people work for NCR Corporation
As of December 31, 2023, NCR Voyix has a workforce of approximately 15,500 employees. This represents a notable decrease from previous years; for instance, in 2022, the company employed around 35,000 people. This reduction is primarily due to NCR’s recent restructuring, which included spinning off its ATM business into a separate company, NCR Atleos, in October 2023. This strategic shift allowed each entity to focus more closely on its specialized areas.
7- How much does NCR Corporation pay
NCR Corporation offers a range of salaries based on job role, experience, and location. In the U.S., the average annual salary is around $87,088, with roles like Senior Software Engineer earning approximately $124,987 annually, while entry-level positions, such as Field Service Technicians, average about $51,013 per year.
In India, compensation varies widely as well. Software Engineers typically earn between ₹6.5 lakh and ₹19.8 lakh annually, while Senior Software Engineers can make between ₹10 lakh and ₹32.3 lakh per year. These numbers reflect NCR’s flexible pay structure, which adapts to different markets and job levels.
8- Why is NCR Corporation so successful
NCR Corporation's success is largely due to its adaptability and continuous innovation throughout its long history. Founded in 1884 as the National Cash Register Company, NCR began by transforming business transactions with its pioneering mechanical cash registers. Over the years, it expanded into ATMs, point-of-sale systems, and retail automation solutions, always staying in tune with the evolving needs of the financial and retail industries, which has been key to maintaining its industry leadership.
Another major factor in NCR's success has been its strategic approach to growth and restructuring. The company has made important acquisitions, like Retalix in 2013, to strengthen its software and service offerings. In 2023, NCR also split into two separate companies: NCR Voyix, focused on digital commerce, and NCR Atleos, which specializes in ATM services. This move enables each entity to concentrate on its strengths and continue innovating, positioning them for ongoing success in their respective fields.
9- The Future of NCR Corporation
NCR Corporation, now known as NCR Voyix, has restructured its business to focus primarily on digital commerce solutions for the retail and restaurant industries. In October 2023, NCR officially split into two independent companies: NCR Voyix, which focuses on digital commerce, and NCR Atleos, specializing in ATM services. This separation enables each company to adopt a targeted growth strategy, allowing them to serve their specific markets more effectively.
In August 2024, NCR Voyix took another step in refining its focus by agreeing to sell its cloud-based digital banking business to Veritas Capital for $2.45 billion, a transaction expected to close by the end of the year. Looking forward, NCR Voyix plans to use its deep expertise to continue driving innovation in digital commerce, providing advanced solutions that meet the changing needs of retailers and restaurants as they navigate an increasingly digital world.
10- What are some key challenges facing NCR Corporation
NCR Corporation, now divided into NCR Voyix and NCR Atleos, faces significant challenges as it adapts to its new structure. Financially, NCR Atleos posted an $8 million loss in its first independent quarter, contrasting sharply with the previous year’s $36 million profit, reflecting financial strain. High debt levels, totaling around $7.65 billion, further limit NCR’s financial flexibility and could hinder future growth.
The company also contends with cybersecurity vulnerabilities, as highlighted by an April 2023 ransomware attack that impacted customer operations. Additionally, NCR's dependence on third-party suppliers poses risks to operational efficiency, and it faces intense competition within the tech industry. Combined with economic pressures, like inflation and global uncertainties, these issues make it crucial for NCR to address these areas to ensure stability and future success.