Source: ACI Worldwide
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that it has completed the sale of its Community Financial Services (CFS) business to Fiserv (NASDAQ: FISV).
The transaction includes employees and customer contracts as well as technology assets and intellectual property.
“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,” said Phil Heasley, president and CEO, ACI Worldwide. “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.”