ACI Worldwide to buy Official Payments

ACI Worldwide (NASDAQ: ACIW) and Official Payments Holdings, Inc. (NASDAQ: OPAY) said they have entered into a definitive transaction agreement in whic h ACI Worldwide will acquire Official Payments in an all cash transaction for USD8.35 per share.

The boards of directors of both companies have unanimously approved this transaction.

Norcross, GA-based Official Payments is a provider of electronic bill payment solutions in the US, serving federal, state and local governments, municipal utilities, higher education institutions and charitable giving organizations. The company processes approximately 20 million payments and over USD9bn in volume annually.

In addition, in connection with the execution and delivery of the merger agreement, ACI Worldwide and Olympic acquisition Corp. entered into a separate agreement with a fund affiliated with Parthenon Capital Partners (Parthenon), which owned 10.8% of all outstanding shares of common stock of Official Payments as of May 6, 2013, based on the Schedule 13D filed by Parthenon with the SEC on May 9, 2013. Under the agreement, Parthenon agreed on the terms and subject to the conditions set forth in the agreement, to tender shares beneficially owned by it in the tender offer.

ACI Worldwide powers electronic payments and banking for more than 2,600 financial institutions, retailers, billers and processors around the world. To learn more about ACI, visit www.aciworldwide.com.

Official Payments (www.OPAY.OfficialPayments.com) provides electronic payment solutions for over 3,000 clients across all 50 states, Puerto Rico and the District of Columbia.

Official Payments´ financial advisor in the transaction is William Blair & Co. and its legal advisor is Kirkland & Ellis LLP. Jones Day provided legal advice to ACI.

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