NCR to Spin Off Teradata Division

DAYTON, Ohio -- NCR here has announced its intention to spin off its subsidiary Teradata to holders of NCR common stock, making it an independent publicly traded company. The transaction is expected to be completed in six to nine months. The spin-off will enable each company to “better focus on their distinct customer base, business strategy and operational needs,” NCR said. In the retail market, Teradata supplies data warehousing systems while NCR provides POS and kiosk applications. Following the separation, Bill Nuti will continue to serve as NCR‘s president and chief executive officer while Mike Koehler, senior vice president of the Teradata division, will serve as president and CEO of Teradata.