Enterprise data warehousing and software provider Teradata is expecting good things for its business and customers ahead of a planned spinoff from parent NCR. The company announced Monday that the two companies would become separate entities going forward, pending final board and IRS approval.
Bob Fair, Teradata's VP of business strategy and chief marketing officer, tells DM Review that change was in the offing since the two companies have different business models and both are performing well. Teradata and NCR posted combined revenues of $4.5 billion in 2005, with about one-third of the total coming from Teradata. Also, there was little overlap in products and services. NCR specializes in automated teller machines, self-service checkout, bill payment and automated kiosks for hotels, airlines and hospitals. "Both sides of the company are healthy," Fair says, "and the board decided that with many opportunities ahead for both businesses, this was a good time to act."
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