ACI
Worldwide ACIW announced today a
definitive agreement in which ACI will sell its Community Financial
Services business to Fiserv FISV, a leading global provider of
financial services technology solutions. Fiserv, an ACI partner and
customer, will acquire this business for $200M in cash. The transaction
includes employees and customer contracts as well as technology assets
and intellectual property.
This move is aligned with ACI's UP strategy and vision to become the
leading provider of software products and SaaS-based solutions
facilitating real-time electronic and eCommerce payments for large
financial institutions and enablers, retailers and billers worldwide.
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in