ACI Worldwide acquired PAY.ON AG for $186.4 million (cash and stock), a transaction completed in November 2015, structured as combination (cash and stock).
PAY.ON AG operates in eCommerce payments gateway, is based in Munich, Germany (global connectivity), had revenue of about 2015 revenue expected around $15 million, growing 35%+ annually. ACI acquired 100% of the equity of PAY.ON, a Munich, Germany-based leader in eCommerce payments-gateway solutions, for $186.4 million in cash and stock (funded largely with about $181.0 million drawn from ACI's revolving credit facility). PAY.ON's SaaS gateway provided global connectivity to more than 300 alternative payment methods and card acquirers across 160-plus countries, strengthening ACI's position in omni-channel and cross-border eCommerce payments. ACI's investor materials described the transaction at approximately EUR 180 million, split roughly 92% cash and 8% ACI shares.
PAY.ON added a 100% SaaS, transaction-based eCommerce gateway that complemented ACI's merchant retail and omni-channel Universal Payments offerings and let ACI support many more payment types across its payment engines.
Processed transaction volume in excess of $8 billion annually across 100+ customers, ~90,000 web shops and ~8,600 merchants. ACI merchant retail / omni-channel Universal Payments
Advisory firms were not disclosed for this transaction.