NCR Plans to Move to a New World Class Research and Development Center in Hyderabad
Company invests in a large R&D facility to accelerate development of omni-channel software, channel transformation and digital enablement solutions
HYDERABAD, India, August 18, 2016 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that it will move its Hyderabad R&D facility to a new, state-of-the-art location at Raheja Mindspace in Hyderabad to be ready by early 2017. This new facility will be one of the global centers of excellence for NCR as part of its transformational journey towards leadership in the omni-channel evolution.
“The world economy today is more interconnected than ever. We are living in interesting times, where a massive democratization of the global economy is under way, which is changing the way we research, innovate, design and think about how we solve our clients’ challenges,” said Eli Rosner, senior vice president and chief technology officer for software solutions at NCR Corporation. ”As we continue to build out our innovative, omni-channel architecture, the Hyderabad facility will play an important role as a strategic global center for software development.”
NCR’s Hyderabad R&D center is one of NCR’s largest software development centers and will remain a critical hub focused on developing innovative solutions for global markets. The Hyderabad center is already developing and supporting software and services that global institutions use to empower consumers through self-service applications like the Interactive Teller ATM, EMV contactless ATM cash withdrawals, mobile cash withdrawals, mobile check deposits, EMV-enabled multi-industry payments systems, retail self-checkout lanes, CRM platforms, and cinema and stadium systems management solutions, among many others.
”Multi-channel commerce has quickly evolved into omni-channel commerce as businesses strive to develop seamless, transactional experiences to meet the demands of tech-savvy consumers,” said Ashok Nallam, head of R&D Center, NCR India. ”Our new R&D center will continue to invest in talent to create a robust innovation pipeline to change the way consumers connect, interact and transact with businesses.”
Starting in 2004 with 50 engineers, NCR’s current Hyderabad R&D center now houses more than 800 professionals focused on software development for the financial, retail, and hospitality industries, as well as 125 consultants supporting customer deployment of NCR technologies.
NCR operates in 180 countries, with India increasingly becoming an area of significant operational growth. In addition to the R&D Center in Hyderabad, NCR has a new world-class manufacturing facility in Chennai, a development center in Gurgaon and sales & services headquarters in Mumbai.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in omni-channel solutions, 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.
Web sites: www.ncr.com, www.ncrsilver.com
Twitter: @NCRCorporation
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Media Contact
Rakesh Aulaya
NCR Corporation
912.261. 954. 583
rakesh.aulaya@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