M&A Deal Summary

ACI Worldwide Acquires Speedpay

On May 9, 2019, ACI Worldwide acquired information technology company Speedpay from Western Union for 750M USD

Acquisition Highlights
  • This is ACI Worldwide’s 4th transaction in the Information Technology sector.
  • This is ACI Worldwide’s largest (disclosed) transaction.
  • This is ACI Worldwide’s 6th transaction in the United States.

M&A Deal Summary
Date 2019-05-09
Target Speedpay
Sector Information Technology
Buyer(s) ACI Worldwide
Sellers(s) Western Union
Deal Type Divestiture
Deal Value 750M USD

Target

Speedpay

United States
website
Speedpay, Inc. provides electronic bill presentment and payment solutions to a variety of business sectors in the U.S., including utilities, auto finance, mortgage, consumer finance, insurance, telecommunications, and government finance.

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Buyer(S) 1

Buyer

ACI Worldwide

Coral Gables, Florida, United States

website

Category Company
Founded 1975
Sector Software
Employees3,349
Revenue 1.4B USD (2021)
DESCRIPTION
ACI Worldwide's corporate headquarters in Naples, Florida.
ACI Worldwide's corporate headquarters in Naples, Florida.

ACI Worldwide develops, markets, installs and supports a broad line of software products and services primarily focused on facilitating electronic payments. In addition to its own products, ACI distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets. Most of ACI's products are sold and supported through distribution networks covering three geographic regions – the Americas, Europe/Middle East/Africa and Asia/Pacific. Each distribution network has its own sales force that it supplements with independent reseller and/or distributor networks. ACI Worldwide was incorporated in 1975 and is headquartered in Coral Gables, Florida.

DEAL STATS #
Overall 13 of 14
Sector (Information Technology) 4 of 5
Type (Divestiture) 2 of 2
Country (United States) 6 of 6
Year (2019) 1 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-20 ACI Worldwide - Community Financial Services Business

United States

ACI Worldwide - Community Financial Services Business is a provider of financial services.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Mindgate Solutions Pvt.

Mumbai, India

Mindgate Solutions Pvt. Ltd. is a provider of payments technology and transaction processing, Mindgate develops next-generation payments platforms for UPI and other real-time payment schemes across the globe. Mindgate Solutions Pvt. Ltd. was founded in 2008 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Western Union

Denver, Colorado, United States

website

Category Company
Founded 1851
Sector Financial Services
Employees11,000
Revenue 4.5B USD (2022)
DESCRIPTION
Entrance to Western Union's corporate headquarters in Englewood, Colorado.
Entrance to Western Union's corporate headquarters in Englewood, Colorado.

Western Union is a financial services company that provides people and businesses with fast, reliable and convenient ways to send money and make payments around the world. Western Union's consumer-to-consumer money transfer service enables people to send money around the world, usually within minutes. Western Union also provides consumers with flexible and convenient options for making one-time or recurring payments in our consumer-to-business segment. This segment consists of United States bill payments, Pago Fácil (bill payments in Argentina), and international bill payments. Western Union's business solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. Western Union was founded in 1851 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-05 Travelex Global Business Payments

London, United Kingdom

Travelex Global Business Payments conducts business payments annually for 35,000 customers in 14 countries. Travelex provides payments services to a variety of business clients, including over 500 financial institutions.

Buy £606M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Convera

Seattle, Washington, United States

Convera is a non-bank provider of cross-border business payment and foreign exchange solutions processing over $110 billion in total payments volume in 2020. With an existing customer base of more than 30,000 small and medium-sized businesses, educational institutions, financial institutions, law firms, and NGOs spanning over 40 countries and territories and 140 currencies, the business possesses a truly global footprint and serves some of the fastest-growing segments of the B2B cross-border payments markets. Convera is based in Seattle, Washington.

Sell $910M
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