ACI Worldwide is reportedly in talks about a possible sale.
Bloomberg reported Wednesday, citing unnamed sources, that the payments software provider is in talks with private equity firms and working with financial advisors as it evaluates acquisition interests. rice field.
ACI Worldwide did not immediately respond to PYMNTS’ request for comment.
However, according to one of the sources who contributed to the report, it is unclear whether the deal will go through given the market conditions.
As PYMNTS reports, obtaining the capital needed to finance mergers and acquisitions is becoming a challenge across industries.
In fact, deals expected to total more than $150 billion have been postponed or canceled as funding becomes increasingly scarce.
As for ACI Worldwide, the company’s shares closed 13% higher Wednesday after falling 35% over the past 12 months.
ACI Worldwide is one of the smaller players in the payments industry and is seen as a ripe acquisition target due to a lot of consolidation in the space over the past few years, the report said. increase.
The company serves banks, merchants and billers, providing real-time payment software solutions that enable clients to manage digital payments, omnicommerce payments, invoice payments, fraud and risk.
Founded in 1975, with offices in 34 countries and revenue of $1.4 billion in 2021.
In September, ACI Worldwide sold its corporate online banking solution to venture capital firm One Equity Partners for $100 million. At the time, ACI said the move would allow it to better focus on its priorities, including its rapidly growing core business areas.
When it comes to real-time payments, a PYMNTS study found that this payment method is gaining ground among consumers who grew up with peer-to-peer (P2P) transfers and retailers who believe faster payment rails will bring new experiences and efficiencies to their operations. It turns out that it captures the imagination.
In fact, PYMNTS and ACI Worldwide collaboration.