ACI Worldwide acquired Profesionales en Transacciones Electronicas S.A. (PTESA) for approximately $14 million, a transaction completed in March 2013.
Profesionales en Transacciones Electronicas S.A. (PTESA) operates in Retail payments (Latin America), is based in Venezuela, Ecuador and Colombia. ACI acquired 100% of Profesionales en Transacciones Electronicas S.A. in Venezuela (PTESA-V) and Ecuador (PTESA-E), plus the ACI-related assets of the Colombia entity (PTESA-C), for a purchase price of approximately $14 million. PTESA had been a long-term ACI partner providing sales, service and support to customers across South America.
Bringing the PTESA team in-house reinforced ACI's direct presence and support capabilities across South America.
Advisory firms were not disclosed for this transaction.