[ad_1]
MIAMI–(BUSINESS WIRE)–ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical real-time payment software, announced a definitive agreement to divest its online business banking solutions to One Equity Partners (“OEP”), a middle market private equity solidify. Marketed as ACI Digital Business Banking, the leading technology platform provides solutions to commercial and investment banking customers through an API-driven interface.
The divestiture aligns with ACI’s three-pillar strategy – fit for growth, focused on growth and building value in stages – aimed at creating value for shareholders in the short and long term.
“Our efforts to accelerate organic growth are firmly on track, and we are now making progress on the third pillar, creating value through mergers and acquisitions. The divestiture is in line with our commitment to continuously review the portfolio of company to maximize shareholder value,” said Odilon Almeida, President and CEO of ACI Worldwide.
“We are delighted to have found a solid and strategic company to take our enterprise online banking solutions to the next level. This allows ACI to better focus on serving our customers by expanding our core software portfolio. to generate real-time payments globally and leverage all the benefits of cloud-native technology,” said Odilon Almeida, President and CEO of ACI Worldwide.
ACI is shaping the next phase of its industry leadership by innovating its real-time payments platform to help customers, including large enterprises, financial institutions, fintechs and sophisticated merchants, modernize, be competitive and win. The company is adding rich functionality, leveraging the latest cloud-native principles to speed time to market and rolling out multiple models, including SaaS offerings.
The transaction includes employees, customer contracts, technology assets and intellectual property. OEP will acquire ACI’s enterprise online banking solutions for $100 million in cash. ACI will update its financial guidance upon closing of the transaction and expects the timing to be in the third quarter of 2022.
About ACI Worldwide
ACI Worldwide is a global leader in mission-critical real-time payment software. Our proven, secure and scalable software solutions enable large enterprises, fintechs, financial disruptors and merchants to process and manage digital payments, power omni-commerce payments, present and process bill payments and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.
© Copyright ACI Worldwide, Inc. 2022.
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its affiliates, under the United States, other countries, or both. Trademarks of other referenced parties are the property of their respective owners.
About One Equity Partners
One Equity Partners (“OEP”) is a middle-market private equity firm focused on the industrials, healthcare and technology sectors in North America and Europe. The firm builds market-leading businesses by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and experienced team, and an established track record generating long-term value for its partners. Since 2001, the company has completed more than 300 transactions worldwide. OEP, founded in 2001, spun off from JP Morgan in 2015. The company has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, visit www.oneequity.com.
[ad_2]
Source link
