The company acquired the South African firm Mosaic Software during 2004 and acquired internet banking company PM Systems Corporation in March 2010.[1] S1 Corporation attempted to acquire Israeli banking service firm Fundtech Ltd in 2011, however the private equity firmGTCR acquired FundTech, and S1 was acquired by ACI Worldwide instead.[3] The acquisition of S1 by ACI Worldwide was completed following ACI Worldwide's third takeover bid in as many months.[7][8] The total value of the acquisition was estimated to be worth $515.7 million.[3] James (Chip) S. Mahan III served as chief executive officer (CEO) from 1994, and was succeeded in 2001 by Jaime Ellertson, who served until 2005,[9] after which Mahan was reappointed. Johann Dreyer, originally CEO of Mosaic Software, became S1's last chief executive officer in 2006, serving until S1 was acquired by ACI Worldwide in 2012.[10]
corporation, this, article, about, former, company, korean, company, samsung, group, american, software, development, company, based, norcross, georgia, which, specialized, payment, processing, financial, services, software, automated, teller, machines, retail. This article is about the former US company For the Korean company see Samsung Group S1 Corporation was an American software development company based in Norcross Georgia which specialized in payment processing and financial services software for automated teller machines and retail point of sale applications primarily for banks retailers and credit unions 1 2 3 S1 Corporation was acquired by a competing payment software company ACI Worldwide Inc during October 2011 for 9 95 per share 4 S1 Corporation was originally the technology division of Security First Network Bank 5 6 The company acquired the South African firm Mosaic Software during 2004 and acquired internet banking company PM Systems Corporation in March 2010 1 S1 Corporation attempted to acquire Israeli banking service firm Fundtech Ltd in 2011 however the private equity firm GTCR acquired FundTech and S1 was acquired by ACI Worldwide instead 3 The acquisition of S1 by ACI Worldwide was completed following ACI Worldwide s third takeover bid in as many months 7 8 The total value of the acquisition was estimated to be worth 515 7 million 3 James Chip S Mahan III served as chief executive officer CEO from 1994 and was succeeded in 2001 by Jaime Ellertson who served until 2005 9 after which Mahan was reappointed Johann Dreyer originally CEO of Mosaic Software became S1 s last chief executive officer in 2006 serving until S1 was acquired by ACI Worldwide in 2012 10 See also editSecurity First Network BankReferences edit a b P amp F Spread Triple Top Breakout ANDE CRBC PZZA SNDA SONE Retirementplannings org 28 November 2011 Posera HDX Limited Announces Completion of Acquisition of Payment Switch Company Cash N Go Ltd Reuters 21 December 2011 a b c ACI Reaches Deal to Buy S1 for about 516M Bloomberg Businessweek 3 October 2011 Archived from the original on March 20 2013 ACI Worldwide to Acquire S1 Corporation Forbes 3 October 2011 S1 Corporation Agrees to Settle Shareholder Litigation Bloomberg com 25 October 2011 S1 Corporation News The New York Times ACI Seals S1 Deal for 516 Mln Reuters 3 October 2011 Kodak Supervalu Netflix are Big Market Movers ABC News 26 July 2011 S1 reveals Ellertson s termination pay Jun 9 2006 S1 Investor Relations Biography investor S1 com 14 November 2012 External links editS1 Corporation Homepage nbsp This United States software corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title S1 Corporation amp oldid 1167807450, wikipedia, wiki, book, books, library,
