Fiserv entered into a definitive agreement with ACI Worldwide to acquire the assets of its Community Financial Services (CFS) business in an all-cash transaction valued at $200 million.
ACI Worldwide is a global provider of electronic payment and banking solutions. The transaction is subject to regulatory approval and other customary closing conditions and is anticipated to close in the first quarter of 2016.
Fiserv said the assets acquired provide financial institutions with a suite of digital banking and electronic payments solutions.
“We are pleased to add these strong digital banking capabilities which will further enable financial institutions to serve their customers in today’s dynamic world,” said Jeffery Yabuki, President and Chief Executive Officer, Fiserv. “We are also excited to add a talented team of associates who share our vision for creating value for clients through innovation and service excellence.”