ACI Worldwide acquired Visual Web Solutions, Inc. for $8.3 million, a transaction completed in February 2007, structured as all cash.
Visual Web Solutions, Inc. operates in Trade finance / cash management, is based in Singapore and Bangalore, India (Asia/Pacific focus). Transaction Systems Architects acquired Visual Web Solutions, a provider of international trade-finance and web-based cash-management solutions serving financial institutions primarily in the Asia/Pacific region. Visual Web had sales and support offices in Singapore and a product-development facility in Bangalore, India. The aggregate purchase price, including direct costs, was $8.3 million, net of $1.1 million of cash acquired.
Visual Web's solutions were positioned to complement and integrate with ACI's U.S.-centric cash-management and online-banking products, creating a more complete international offering.
Advisory firms were not disclosed for this transaction.