ACI Worldwide, a payment technology provider, is discussing a potential sale with the private equity firm Motive Partners.
According to sources cited by Bloomberg, Motive has been looking to secure financing for the acquisition. ACI is a publicly traded company with a market value of about USD 2.5 billion. Although negotiations have yet to end, a deal still might not be reached. The discussions take place two years after reports revealed that ACI had contacted Goldman Sachs for assistance with a potential sale.
According to a January report, ACI has long been a target for acquisition and is working with a financial adviser to elicit takeover interest. The company provides a variety of payment services to banks, merchants, and other clients, including a platform for managing in-person transactions and fraud-detection services.
Read More: Payment Software Maker ACI Worldwide Is in Talks With Buyout Firm Motive Partners
