Payments Co. ACI exits banking products business in $100 million deal

By McCord Pagan (June 7, 2022, 1:36 p.m. EDT) — Payments software company ACI Worldwide announced on Tuesday that it is divesting its online business banking products business to private equity firm One Equity Partners for 100 millions of dollars.

The sale of ACI Digital Business Banking to OEP gives the middle-market company a unit that helps blue-chip banks process more than $1 billion in daily payments, according to separate statements.

“We are delighted to have found a strong and strategic company to take our enterprise online banking solutions to the next level,” ACI President and CEO Odilon Almeida said in a statement. “This allows ACI to better focus on serving our customers by expanding our…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS