I am pleased to inform you that ACI Worldwide has completed the acquisition of Official Payments.
ACI is the leader in electronic payments with 38 years of payments expertise and customers in more than 100 countries. ACI software enables $13 trillion in payments each day, processing transactions for more than 290 of the leading global retailers and 24 of the world’s 25 largest banks. The electronic bill payment market is a strategic area of focus and investment for ACI, and we are recognized as the fastest growing biller direct electronic bill payment provider.
The addition of Official Payments into ACI complements and strengthens our leadership position, with expanded focus on key vertical markets, including federal, state and local governments, municipal utilities, higher education institutions and charitable giving organizations.
ACI’s Commitment to Customers
As we evolve and build on the high-quality products that you and thousands of other customers rely on, I wanted to share a key tenet of ACI’s long-standing lifecycle management policy. ACI does not end-of-life mission critical products, and we will continue to maintain multi-year roadmaps and contractual commitments. ACI is committed to market-leading investment in our products, infrastructure and people. We apply more than 18 percent of revenue to R&D on an annual basis, and we have a world-class global hosting organization renowned for delivering 24x7x365 support to the payments market.
We look forward to the opportunity to introduce you to the broader capabilities of the ACI Worldwide portfolio, discuss your needs, and share our enthusiasm for building a long-term relationship with you.
President & CEO