Payment technology company ACI Worldwide has completed its $205 million purchase of the security vendor Retail Decisions Plc (ReD).
ACI plans to use Brookwood, England-based ReD's e-commerce fraud prevention and security management software to protect online retailers as frauds shifts to the Web as a result of security improvements from EMV technology at the point of sale.
"The addition of ReD's talented team and product portfolio enhances our universal payments strategy and further strengthens our leadership position in the fast-growing payments risk management space," Philip Heasley, president and CEO of ACI Worldwide, stated in an Aug. 12 press release.
ACI will honor the multi-year roadmaps and contractual commitments with ReD's customers, the Naples, Fla.-based processor said in the release.
ReD is expected to generate approximately $18 million in revenue during the remainder of 2014, ACI said.
ACI currently serves more than 5,000 financial institutions, retailers, billers and processors globally. Its software processes $13 trillion each day in payments and securities transactions for more than 250 leading global retailers and 21 of the world's 25 largest banks, ACI said.
Late in 2013, ACI completed a $109 million acquisition of electronic billing technology provider Official Payments Holdings.