NCR, an enterprise technology provider to banks, retailers and restaurants, is set to spin off into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs. "This announcement is the right next step in NCR’s transformation. The separation would create two strong companies at scale, each with distinctive business goals and capital structures and allocation, as well as increased flexibility to innovate. Each company can simplify its operations and focus on what it does best, and because they will have different growth profiles and economic models, separating them will also provide investors with greater transparency and a better ability to value each of the businesses. And, importantly, we believe this approach will put us in the best position to drive the most competitive products and solutions for our customers," Michael D. Hayford, NCR CEO.