Fintech provider Fiserv has completed the acquisition of ACI Worldwide’s community financial services (CFS) business.
ACI Worldwide in a statement said that the deal includes employees and customer contracts as well as technology assets and intellectual property.
Fiserv president and CEO Jeffery Yabuki said: "Closing this acquisition allows us to add new digital capabilities and to welcome a group of new clients and talented associates to Fiserv."
ACI Worldwide president and CEO Phil Heasley said: "The sale of CFS allows us to bring deeper focus on key strategic areas, aligning investments, resources and energy on ACI’s strategic products and new high-growth initiatives.
"This move is part of our strategy to expand our position as a leading provider of software products and SaaS-based solutions facilitating real-time electronic and eCommerce payments for large financial institutions and intermediaries, retailers and billers worldwide."
In January 2016, Fiserv has agreed to acquire ACI Worldwide’s CFS bisoness for $200m in cash.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataACI Worldwide, the Universal Payments (UP) company, supports electronic payments for more than 5,000 organizations across the world.