NCR and its Teradata data warehousing division will separate into two publicly traded companies in a move designed to better focus their respective business strategies, NCR said Monday.Teradata, which makes enterprise-grade data warehousing software, and NCR work in different markets and have different business models, said Bill Nuti, NCR’s president and chief executive officer, in a statement. NCR’s businesses include automated teller machines and retail point-of-sale technologies. The separation will allow for a sharper management focus and better employee incentive plans, Nuti said.In 2005, Teradata had revenues of US$1.5 billion and an operating income of $309 million, NCR said.The division must be approved by NCR’s board of directors. Under the plan, holders of NCR common stock will receive Teradata stock, although the distribution ratio has not been determined yet, NCR said. Once the separation is completed within the coming six to nine months, Nuti will head up the new smaller NCR, while Mike Koehler, the current senior vice president of the Teradata division, will become president and CEO of Teradata.-Jeremy Kirk, IDG News Service (London Bureau) Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content news Salesforce CEO Benioff shakes up executive team with new hires Six months after the company lost its co-CEO and announced it was laying off 10% of its global workforce, Salesforce’s top team is undergoing a major personnel change. By Charlotte Trueman Jun 07, 2023 3 mins Technology Industry Enterprise Applications opinion Cisco debuts bold portfolio of network, security, and observability solutions and previews generative AI capabilities for Webex and Security Cloud Cisco’s innovative technologies help connect the dots of its network- and cloud-based ecosystem. By Pete Bartolik Jun 07, 2023 4 mins Cloud Security brandpost Help wanted: IT tools and talent for building a multicloud estate Like all trade workers, IT leaders need the right tools and skills to succeed in a multicloud world characterized by application and data sprawl. By Chad Dunn, Vice President, Product Management, Dell APEX Jun 07, 2023 6 mins Multi Cloud brandpost A guide to hybrid cloud deployment for innovation without disruption How do organizations balance their on-premises preferences and requisites with the crucial need to innovate? By Ahmed Helmy, Global Vice President, Avaya Experience Platform Product Management Jun 07, 2023 3 mins Hybrid Cloud Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe