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Payments General

ACI Worldwide completes acquisition of S1 Corporation

Tuesday 14 February 2012 | 03:00 PM CET

ACI Worldwide, a US online payment services provider, has completed the acquisition of S1, a software developer, by acquiring the remaining S1 shares pursuant to a merger as provided in the transaction agreement between ACI and S1 from October 2011.

In the merger, all remaining publicly held shares of S1 common stock not purchased in the exchange offer are set to be converted into USD 6.62 per share in cash and 0.1064 shares of ACI common stock. Following the acquisition,S1 is set to become a subsidiary of ACI and its shares will no longer be publicly traded.

Through the transaction, ACI has acquired the three product sets known as S1 Payments Processing and Card Management, S1 Online Banking and S1 Branch Banking. With the acquisition, ACI has also added to its customer base financial institutions, retailers and processors across the globe.

In recent news, ACI Enterprise Banker and ACI Proactive Risk Manager powered by ACI Worldwide have been selected by US-based financial services company BOK Financial (BOKF) to enhance corporate online banking and fraud detection.

More: Link
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