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United States : ACI Worldwide Completes Acquisition of Retail Decisions (ReD)

August 13, 2014

ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced today that it has completed the acquisition of Retail Decisions (ReD), a leader in fraud prevention solutions. Under the terms of the agreement, ACI Worldwide acquired ReD for an all-cash purchase price of $205 million.

Brookwood, England-based ReD is a leading ecommerce and fraud prevention company serving the payments industry. Its suite of solutions helps customers drive up revenues while reducing fraud losses and increasing the efficiency of their fraud management teams. ReD serves more than 1,500 retailers, issuers, acquirers, processors and switch networks globally.

We are excited to welcome ReD into the One ACI organization. The addition of ReD s talented team and product portfolio enhances our Universal Payments strategy and further strengthens our leadership position in the fast-growing payments risk management space, said Philip Heasley, President and CEO, ACI Worldwide. The combination of ACI and ReD results in a powerful merchant retail solution that will drive our market leadership providing an unrivaled customer experience consistent and unified anytime, anywhere and through any access point or device.

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Source: TendersInfo (India)

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