NCR Announces Key Milestones and Progress on State-of-the-Art World Headquarters Campus in Midtown Atlanta
Consumer transaction technologies leader anchors effort to establish the City of Atlanta, State of Georgia and University System of Georgia as premier tech hub on the East Coast
ATLANTA, July 15, 2015 – NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, announced today important milestones as the company makes progress and remains on schedule with establishing a new world headquarters campus in Midtown Atlanta, expected to open in late 2017 or early 2018.
NCR, Invest Atlanta and Cousins Properties have now closed on the incentive agreements, and Cousins on the acquisition of the land at Centergy North at Technology Square on Spring Street. Additionally, NCR and Cousins entered into a long-term, build-to-suit lease for the new campus facility at the site in Midtown that will be owned and developed by Cousins.
“I have stated very publicly that NCR’s bold, ambitious move to establish a state-of-the-art world headquarters campus in Midtown is a critical first step in a larger goal to create a ‘Silicon Valley of the East’ right here in Atlanta,” said NCR Chairman and CEO Bill Nuti. “We are currently, and will continue, advocating for other tech leaders and innovative companies to follow our lead. NCR is committed to the City of Atlanta, State of Georgia, and the University System of Georgia. NCR will be a top employer and part of the fabric of this community for a very long time.”
“Never has it been more apparent that the next generation of talent can be found here in Atlanta,” said Mayor Kasim Reed. “NCR has recognized the quality of the workforce here, and has made an investment which will pay dividends for decades. We look forward to building the future of technology with NCR.”
“We are excited about the opportunity to develop NCR’s new global headquarters in Atlanta. This 485,000 square foot state-of-the art trophy tower will be an iconic addition to the Midtown skyline,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins Properties. “NCR’s commitment to locating their world headquarters in Midtown further validates the strength of Atlanta’s technology corridor. We are proud to have them as a customer and look forward to a strong relationship for years to come.”
“As we continue to see progress on this project, I am reminded of all that we have to look forward to as NCR gets one step closer to opening its doors in our City,” said Craig Richard, President and CEO of Invest Atlanta. “This company's relocation will not only have an impact on the economic landscape, but will also generate even more positive change for so many that already call Atlanta home.”
NCR’s world headquarters campus will be a truly inspiring working environment that clearly reflects who the company is today, the leader in consumer transaction technologies. It will provide a strong foundation for advancing the company’s mission of leading how the world connects, interacts and transacts with business.
As previously announced, the new Midtown campus will provide NCR with a state-of-the-art presence close to Atlanta’s rich innovation centers and leading academic institutions. NCR also plans to maintain a second campus in the northern suburbs with similar state-of-the-art technology and amenities as the Midtown campus. A location for the campus in the northern suburbs is expected to be finalized this summer and will open on a timeframe similar to that of the Midtown campus.
Under the leadership of Bill Nuti, NCR has been reinvented into a hardware-enabled, software-driven business. In the United States alone, NCR’s consumer transaction technologies enable more than $10 billion in transactions every day across financial services, retail, hospitality, travel and small business.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
Websites: www.ncr.com; www.ncrsilver.com
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Media Contact
Kevin Ruane
NCR Corporation
212.589.8553
kevin.ruane@ncr.com
Investor Contact
Gavin Bell
NCR Corporation
212.589.8468
gavin.bell@ncr.com
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com
Scott Sykes
NCR Corporation
scott.sykes@ncr.com