ACI Worldwide in Naples, Fla., has acquired Pay.On, a German maker of software for payment services providers.
ACI paid about $200 million in stock and cash to acquire all of the equity of Pay.On, according to a news release. The companies did not disclose their target closing date.
ACI financed the acquisition with $181.5 million from a revolving credit facility. The acquisition will not be material to ACI's full-year revenue forecast.
Pay.On's software-as-a-service product will complement ACI's Merchant Retail Omni-channel Universal Payments product offering, ACI said. ACI has also recently added real time kiosk bill pay through a partnership with LD Systems and real time payments technology. Pay.On, based in Munich, provides a white-label global payments gateway and open development tools.