NCR Corporation (NYSE: NCR) today announced its intention to separate into two independent publicly traded companies through the spin off of 100 percent of the company’s Teradata Data Warehousing business to holders of shares of NCR common stock.
The transaction, expected to be tax-free to NCR and its shareholders, will enable the two publicly traded companies, both leaders in their respective markets, to better focus on their distinct customer base, business strategy and operational needs.
Teradata, which had revenues of $1.5 billion and operating income (excluding pension expense) of $309 million (1) in 2005, is the leader in the enterprise data warehousing market. Teradata’s award-winning solutions enable organizations worldwide to gain a single, integrated enterprise view of their business to enhance decision-making, customer relationships and profitability.
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