ACI Worldwide and ReD have announced that they have entered into a definitive transaction agreement.
Under the terms of the agreement, ACI Worldwide will acquire ReD for an all-cash purchase price of USD205 million and expects the transaction to close in the middle of the third quarter, 2014.
ReD’s technology and software solutions bring ACI a proven, global SaaS-based e-commerce offering with integrated fraud detection/management. With ReD, ACI will become the market leader in the rapidly growing payments risk management market across multiple segments globally.
“Retailers are currently operating disparate systems for their online, mobile and point-of-sale operations,” said Philip Heasley, President and CEO, ACI Worldwide. “ACI and ReD together have an unrivalled merchant retail solution – global, omni-channel with integrated fraud management built on Universal Payments technology. This solution will not only guarantee a consistent, unified customer experience in any retailer modality, but also will be a key part of our real-time commerce, any-to-any transaction strategy. Additionally, ReD’s consortium models, business intelligence offerings, modelling and risk analyst expertise will both complement and enhance our issuer risk management solutions.”
“We are extremely excited to integrate our leading technology into ACI’s revolutionary Universal Payments,” said Paul Stanley, CEO, ReD. “Together, we will deliver a much more powerful offering that will materially expand the adoption of integrated fraud prevention solutions.”
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