Transaction Systems Architects
closed on its acquisition of
, a provider of enterprise business banking solutions.
TSA paid $150 million for P&H Solutions, funded by $75 million of available cash and $75 million from a revolving credit facility.
The Omaha, Neb.-based company also announced its plans to rebrand the corporation fully under the ACI worldwide name. This rebranding is expected to be completed in the spring of 2007.
As a part of its senior management change, Mark Vipond is being appointed as chief operating officer. Vipond will have continuing responsibility for the company's global product and services initiatives, and he will participate in the day-to-day operations of the office of the president.
In its guidance for fiscal year 2007, the company expects to earn $1.49 to $1.64 a share on revenue of $431 million to $443 million.
Analysts polled by Thomson First Call expect a profit of $1.76 a share, on revenue of $410 million.
Shares of TSA were trading down 57 cents, or 1.7%, at $33.75 Monday.
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