ACI Worldwide agrees $48.7 million acquisition of Distra

ACI Worldwide agrees $48.7 million acquisition of Distra

ACI Worldwide agreed a $48.7 million all-cash takeover of Distra, an Australian-based company that provides technology to help update bank legacy payments architectures and adapt to new modes of payment.

ACI Worldwide says the acquisition will further its goal of providing customers with an enterprise payments services bus as part of its 'Agile Payments Solution' strategy.

The Distra Universal Payments Platform consists of a set of pre-built components and interfaces for rewiring and connecting payments silos in bank data centres. The 13-year old company has formed a set of strategic alliances with technology and banking partners - including NAB, VocaLink, IBM, Cisco and Oracle - and operates out of offices in Sydney, Singapore, Atalanta and the UK.

ACI reported a quarterly loss in July as it racked up costs following its blockbuster takeover of S1 earlier this year.

The acquisition of Distra is expected to close within the next five days and will not impact earnings guidance for 2012, says ACI.

Comments: (0)

sponsored

Related News
Featured Job
All Jobs »