About This Deal
ACI Worldwide acquired Stratasoft Sdn Bhd for $2.5 million, a transaction completed in April 2007.
Stratasoft Sdn Bhd operates in Retail payments, is based in Kuala Lumpur, Malaysia. Transaction Systems Architects acquired Stratasoft, a Kuala Lumpur-based provider of mainframe-based payment systems for the Malaysian market and a long-time distributor of the company's OCM 24 product. The aggregate purchase price, including direct costs, was $2.5 million, net of $0.7 million of cash acquired.
The acquisition supported ACI's strategy of moving to a direct sales model in selected Asian markets.
Deal Terms
Acquirer
ACI Worldwide
Target
Stratasoft Sdn Bhd
Value
$2.5 million
Date
April 2007
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Kuala Lumpur, Malaysia
Segment
Retail payments
Closed
April 2, 2007
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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