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NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of ACI Worldwide, Inc. (NASDAQ: ACIW) ("ACI" or the "Company"), with an ownership interest of approximately 9% of the Company's outstanding shares, today announced that it has delivered a letter to David Poe, ACI's Chairman, and Odilon Almeida, ACI's President and CEO, with copies to the Company's Board of Directors.
The full text of Starboard's letter can be viewed at the following link:
About Starboard Value LP Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.
Investor contacts: Peter Feld, (212) 201-4878 Tom Cusack, (212) 201-4814 www.starboardvalue.com
aci worldwide, the universal payments (up) company,powers electronic payments for more than 5,100 organizations around the world. more than 1,000 of the largest financial institutions and intermediaries as well as thousands of leading merchants globally rely on aci to execute $14 trillion each day in payments. in addition, thousands of organizations utilize our electronic bill presentment and payment services. through our comprehensive suite of software and saas-based solutions, we deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. to learn more about aci, please visit www.aciworldwide.com. you can also find us on twitter @aci_worldwide.
View original content:http://www.prnewswire.com/news-releases/starboard-delivers-letter-to-aci-worldwide-301183695.html