About This Deal

ACI Worldwide acquired RevChip, LLC and TranSend Integrated Technologies Inc. for $7.0 million (combined), a transaction completed in October 2019, structured as all cash. The deal was a Asset purchase.

RevChip, LLC and TranSend Integrated Technologies Inc. operates in Payments technology, is based in United States. ACI acquired certain technology assets of RevChip, LLC and TranSend Integrated Technologies Inc. for a combined $7.0 million. Because substantially all of the value was in developed technology, ACI recognized the transaction as an asset acquisition rather than a business combination.

The purchase added developed technology assets to ACI's payments portfolio.

Deal Terms

Acquirer
ACI Worldwide
Target
RevChip, LLC and TranSend Integrated Technologies Inc.
Value
$7.0 million (combined)
Date
October 2019
Type
Asset purchase
Status
Ready

Transaction Details

Target HQ
United States
Segment
Payments technology
Structure
All cash
Closed
October 1, 2019

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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