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 brandpost Sponsored by SAP A cloud-based solution to rescue millions from energy poverty Aware of the correlation between energy and financial poverty, Savannah Energy is helping to generate clean, competitively priced electricity across Africa by integrating its old systems into one cloud-based platform. By Keith E. Greenberg, SAP Contributor Nov 30, 2023 5 mins Digital Transformation feature 8 change management questions every IT leader must answer Designed to speed adoption and achieve business outcomes, change management hasn’t historically been a strength of IT orgs. It’s time to flip that script by asking hard questions to hone change strategies. By Stephanie Overby Nov 30, 2023 10 mins Change Management IT Leadership feature CIO Darlene Taylor’s formula for success: Listen, drive, care This Motor City CIO says building and maintaining credibility starts with an empathy-driven approach, which has the potential to render you highly appealing to top talent. By Michael Bertha Nov 30, 2023 6 mins Automotive Industry IT Leadership news MENA IT Spending to Grow 4% in 2024 By Andrea Benito Nov 30, 2023 2 mins Artificial Intelligence 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