06:13 AM EDT, 08/06/2024 (MT Newswires) -- NCR Voyix ( VYX ) said Tuesday it agreed to sell its digital banking business to an affiliate of Veritas Capital for $2.45 billion in cash plus future additional contingent consideration of up to $100 million.

The sale is expected to streamline NCR Voyix's ( VYX ) operations to focus on its core software and service offerings for restaurants and retailers.

The deal is expected to close by the end of the year, subject to customary closing conditions, including regulatory approvals.

Shares of NCR Voyix ( VYX ) rose 16% in recent premarket activity on Tuesday.

Price: 14.50, Change: +2.00, Percent Change: +16.00