Brookfield-based Fiserv Inc. today announced it has completed its $200 million acquisition of a division of ACI Worldwide.
Fiserv develops technology including digital banking and electronic payment tools for financial institutions. ACI, one of Fiserv’s competitors, provides electronic banking and payment solutions for a global client base.
Fiserv will acquire the assets of ACI’s Naples, Fla.-based Community Financial Services business, which includes a suite of digital banking and electronic payment products. Among them is its Architect Banking platform, which allows small business and retail bank customers to access their accounts from any device.
Fiserv, which has 21,000 employees, will add 300 ACI employees to its workforce, who are based both in the U.S. and in India.
“Closing this acquisition allows us to add new digital capabilities and to welcome a group of new clients and talented associates to Fiserv,” said Jeffery Yabuki, president and chief executive officer of Fiserv.
