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NCR Voyix Corporation (NYSE: VYX) is a global leader in digital commerce solutions, serving the retail, restaurant, and digital banking industries. Headquartered in Atlanta, Georgia, the company operates in over 30 countries, offering software-led platforms, hardware, and services to enhance operational efficiency and customer experiences. NCR Voyix focuses on transforming businesses through innovative technologies, including point-of-sale systems, self-service kiosks, and digital banking platforms.
- Retail - Provides software-led solutions integrating point-of-sale systems, payments, inventory management, fraud prevention, and consumer engagement. Offers API-based retail software platforms, hardware terminals, self-service kiosks, and payment processing solutions.
- Restaurants - Delivers technology solutions for table-service, quick-service, and fast-casual restaurants, improving operational efficiency and customer satisfaction. Includes POS hardware and software, payment processing, installation, maintenance, and managed services.
- Digital Banking - Supports financial institutions with digital-first platform strategies, offering account management, transaction processing, imaging, and branch services to enhance customer experiences.
- Payments & Network - Provides financial institutions, fintechs, and neobanks access to ATM networks and multi-function financial services kiosks. Services include ATM branding, management, and payment processing.
- Self-Service Banking - Offers ATM hardware and software, installation, maintenance, and managed services to reduce costs and enhance customer loyalty in the financial services industry.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
James G. Kelly ExecutiveBoard | President and CEO | Advisory Board Member at Madison Dearborn Partners, Broad Sky Partners, and New Mountain Capital; Board Member at MoneyGram International Inc. and Great Gray Trust Company. | Appointed President and CEO in February 2025. Previously Executive Chair and Independent Chair of the Board. Played a key role in the spin-off and sale of digital banking business. | |
Benny Tadele Executive | EVP and President, Restaurants | None. | Leads the Restaurants segment at Voyix. Known for transitioning traditional business models to SaaS and platform-based solutions. | |
Brendan Tansill Executive | EVP and President, Digital Banking | None. | Leads Digital Banking at Voyix. Previously President of the Americas at EVO Payments. Oversaw growth in registered and active users for digital banking services. | |
Brian Webb-Walsh Executive | Executive Vice President and CFO | None. | CFO of Voyix since 2023, led financial operations during the spin-off. Previously CFO at Conduent and held leadership roles at UPS and Xerox. | |
Darren Wilson Executive | EVP and President, Retail and Payments | None. | Appointed EVP and President, Retail and Payments in February 2025. Previously EVP and President, International, focusing on expanding global retail and restaurant operations. | |
David Wilkinson Executive | Chief Executive Officer (CEO) | Board of Trustees at NCR Foundation; Board Member at Junior Achievement of Georgia; Board of Directors at National Retail Federation (NRF). | CEO of Voyix since October 2023, previously EVP and President of NCR Commerce. Extensive experience in IT and telecom, driving retail and hospitality technology strategies. | |
Kelli Sterrett Executive | EVP, General Counsel, and Secretary | None. | General Counsel and Secretary at Voyix. No additional details on achievements or prior roles provided in the documents. | |
Irv Henderson Board | Board Member | CEO and Founder of KonstructIQ Inc.. | Board member since March 2024. Extensive experience in software development and POS systems. Former EVP and Chief Digital Officer at U.S. Bank and Co-Founder of Talech Inc.. | |
Kevin Reddy Board | Non-Executive Chair of the Board | Board Member at K-MAC Enterprises Inc.; Advisory Board Member at Fusion Education Group and Citation. | Non-Executive Chair since February 2025. Former Lead Independent Director. Extensive experience in the restaurant industry, including CEO roles at Noodles & Company and Chipotle. |
- Given the 11% decline in normalized revenue and significant drop in hardware sales, what specific strategies are you implementing to offset hardware weaknesses and drive top-line growth?
- With your aggressive program to expedite contract renewals and convert legacy software to cloud solutions, what challenges do you foresee in this multiyear initiative, and how will you address potential customer resistance?
- Can you detail how the recent restructuring of your sales teams and leadership changes will directly translate into improved sales execution and market share expansion, and what metrics will you use to measure success?
- Despite the $105 million cost-cutting program, margins remain under pressure; where do you see remaining opportunities for expense savings without compromising growth initiatives, and how confident are you in achieving them?
- In expanding your payments initiative, especially in the enterprise segment, how do you plan to compete with established acquirers on pricing and value proposition, and what gives you confidence in your ability to cross-sell payments to your existing customer base?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
India ATM Business of FIS Payment Solutions & Services Private Limited | 2022 | Acquired on July 1, 2022 for a total of $19 million (with $12 million in cash paid by September 30, 2022); this acquisition was part of NCR's broader business combinations in 2022 aimed at expanding its ATM presence in India. |
LibertyX | 2022 | Acquired on January 5, 2022 in a deal valued at approximately $69 million structured with cash, stock, and stock options; the acquisition strategically enhanced NCR's digital currency capabilities by adding key assets such as cryptocurrency software, customer relationships, and technology solutions. |
Recent press releases and 8-K filings for VYX.
- Adjusted EBITDA increased to $75 million (up from $63 million in Q1 2024) and diluted EPS improved from -0.17 to 0.09 .
- Total revenue reached $617 million in Q1 2025 (a 13% decline from Q1 2024) with recurring revenue at $407 million (66% of total) .
- FY2025 guidance projects revenue between $2,575M and $2,650M, reinforced by ongoing share buybacks for financial flexibility .
- Completed the spin-off of NCR Atleos (reclassifying historical operations as discontinued) and finalized the Digital Banking sale for $2.45 billion (plus potential $100 million contingent) .
- Transitioning from legacy on-premise solutions to a cloud-native Voyix Commerce Platform, with a new WorldPay payments integration scheduled later this year .
- Ongoing share repurchases—approximately 10 million shares for $125 million under a $200 million authority—and restructuring with tariff cost mitigation of $8–12 million (up to $20 million if fully implemented) .
- Q1 2025 net loss from continuing operations was $20 million, an improvement over $71 million last year .