ACI Worldwide acquired Online Resources Corporation for $260.1 million, a transaction completed in March 2013, structured as all cash.
Online Resources Corporation operates in Bill payment / EBPP, is based in United States. ACI acquired Online Resources Corporation (ORCC) through a cash tender offer, paying $3.85 per common share (about $132.9 million) plus $127.2 million for the Series A-1 Convertible Preferred Stock, for a total purchase price of $260.1 million. ORCC was a leading provider of online banking and full-service bill-pay solutions, and the deal added electronic bill presentment and payment (EBPP) as a strategic pillar of ACI's Universal Payments portfolio while deepening its reach among community banks and credit unions.
ORCC gave ACI a full-service bill-payment platform, strengthened its online-banking technology, and expanded its leadership in serving community banking and credit-union customers.
ACI Universal Payments portfolio (EBPP)
Advisory firms were not disclosed for this transaction.