Management Strategies

05:32 PM
Connect Directly

Fundtech and S1 Respond to ACI's Proposal to Acquire S1

Both companies state that their merger agreement is still in effect.

Atlanta-based S1 Corporation and Jersey City, N.J.-based Fundtech Ltd. have issued press releases in response to inquiries about New York-based ACI Worldwide's proposed acquisition of S1.

In their releases, both companies stated that the merger agreement they announced on June 26 continues to remain in effect. The merger cannot be completed, however, until S1's Board of Directors review the terms of the proposal and the companies receive shareholder and regulatory approvals.

Both Fundtech and S1 decline to make further comments at this time.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.