Fintech-focused private equity firm Motive Partners is in discussions to acquire ACI Worldwide Inc, a provider of payments software and services to banks, merchants and other customers, according to a report by Bloomberg.
Unnamed Bloomberg sources familiar with the matter say that Motive has been exploring funding options for a potential take private deal this week, although nothing has been finalised and discussions may yet fall through.
Shares in ACI, which according to its website offers a range of payments services including a platform for handling in-store transactions and fraud-detection services, rose 2.9% to $23.35 at 3:09 pm in New York on Thursday according to Bloomberg, giving the company a market value of about $2.5 billion.
