Recent acquisitions make for a 'very busy' ACI Worldwide

Print
Font Size:
Default font size
Larger font size

Posted: Friday, May 3, 2013 12:00 am

Payments systems provider ACI Worldwide, with more than 500 employees in Omaha, reported a net loss of $2.2 million in the first quarter, an 18 percent greater loss than the first quarter a year ago.

The loss factors in one-time expenses related to the acquisitions of Online Resources and S1.

ACI reported adjusted net income of $2.9 million, 73 percent less than last year's $10.7 million.

Online Resources, a Virginia-based firm with 630 employees, brings ACI a full-service electronic bill payment platform.

“Everything is tracking as planned, and we're hearing great things about the Online Resources transaction in the marketplace,” chief executive officer Philip Heasley said.

To integrate the newly purchased companies, ACI has expanded its data center space in Omaha and added employees here. Heasley said the acquisitions will lead to $19.5 million in annual cost savings, with other savings to come from consolidation of data centers, facilities and IT infrastructure.

“We were very busy in Q1,” Heasley said.

New sales bookings grew 10 percent, not including Online Resources business, and the company for the first time exceeded $3 billion in its 60-month backlog of business to come, including $660 million from Online Resources.

For the first time the company gave phased revenue guidance, projecting revenue of between $895 million and $915 million for 2013, which would be up $130 million from prior guidance, because of added business from Online Resources. First-half revenue is expected to be 41 percent to 42 percent of that total, chief financial officer Scott Behrens said.

Heasley said he's been pleased with customer feedback on a new ACI product, called the Universal Payments Platform, offered starting in April to financial instituions, retailers and payments processors. Heasley said it took three years to develop and is a “complete end-to-end payments solution” that integrates all ACI's products in one package.

Contact the writer:

402-444-1336, barbara.soderlin@owh.com

Copyright ©2014 Omaha World-Herald. All rights reserved. This material may not be published, broadcast, rewritten, displayed or redistributed for any purpose without permission from the Omaha World-Herald. To purchase rights to republish this article, please contact The World-Herald Store.


loading...

SPOTLIGHT »

Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail announcements@owh.com.

World-Herald Alerts

Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.