Payment and banking systems provider ACI Worldwide has agreed to buy Retail Decisions (ReD), in a transaction worth $205m in cash.
Brookwood, England-based ReD operates as an ecommerce and fraud prevention company serving the payments industry. The company’s suite of products comprise ReD Shield, ReD Fraud Xchange, ReD PRISM, ReD Alerts, ReDi, ReD1 Gateway and LiveProcessor.
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These technologies enable retailers, issuers, acquirers, processors and switch networks to drive up revenues while trimming fraud losses and increasing the efficiency of their fraud management teams.
ReD’s technology and software solutions offer ACI a global SaaS-based ecommerce capability with integrated fraud detection/management.
ACI Worldwide president and CEO Philip Heasley said: "Retailers are currently operating disparate systems for their online, mobile and point-of-sale operations."
"ACI and ReD together have an unrivaled merchant retail solution – global, omni-channel with integrated fraud management built on Universal Payments technology. Additionally, ReD’s consortium models, business intelligence offerings, modeling and risk analyst expertise will both complement and enhance our issuer risk management solutions."
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By GlobalDataBofA Merrill Lynch is serving as financial advisor to ACI Worldwide over the transaction and is also lead arranger providing a commitment for 100% of the financing. William Blair is acting as financial advisor to ReD.
As per the terms of definitive agreement, the transaction is anticipated to complete during the middle of the third quarter 2014.
