I can tell you that the payments infrastructure continued to be mission critical for the banks and there is a revolution coming right, real-time payments, and they understand that, and they understand that they need to modernize that part and that part is again, the center of the systems of banks. Im pleased with the consistency of our performance and our significant financial flexibility, which support short and long term profitable growth. Glenn Llopis: A 21st century leader sees opportunities everywhere, every day, and makes the most of them. ACI Worldwide, Inc. (ACIW) CEO Odilon Almeida on Q1 2022 Results Who is groomed. A company spokesperson declined further comment. So the point is we are not only projecting this year to be strong, solid and predictable, but also we are coming with a very strong not only pipeline, but fine to guarantee that we have also a bright year next year. Who distributes. Opinions expressed by Forbes Contributors are their own. Your next question comes from Mayank Tandon from Needham & Company. Our pipeline is significantly better than it was 3 months ago, 6 months ago. Who lies. Who is hostile. 1. We will take your questions at the end. Explore historical records and family tree profiles about Odilon Almeida on MyHeritage, the world's family history network. nominating and corporate governance committee, described the CEO ouster in the press release as a needed leadership change. In my role I dont see borders, I see opportunities. ACI Worldwide Names Thomas Warsop Interim Chief Executive Officer Who reigns. Who is successor. ACIs board plans to tap an executive search firm in seeking a permanent CEO replacement, the release said. Please go ahead. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[4]='MMERGE4';ftypes[4]='text';}(jQuery));var $mcj = jQuery.noConflict(true); exechange publishes weekly reports ($) on capital market-relevant executive changes. That is the combination of the market reacting, but it's also the combination of our international expansion of Merchants. He was born in Brazil and he and his family live in Miami, FL. John Kraft - VP, IR. Got it. Sign Up Now! Odilon's mailing address filed with the SEC is 2811 PONCE DE LEON BLVD, PH 1, , CORAL GABLES, FL, 33134. We continue to cement our annual mid-single digit organic revenue growth, while positioning the company to grow by 7% to 9% by 2024. Our strong balance sheet and cash flow gives us resilience and financial flexibility. Hello everyone! The most active insiders traders include Philip G Heasley, John E Stokely, and Harlan F Seymour. I first plan to review our financial results for Q2 and then provide our outlook for the rest of the year. Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition. We help move money for global workers, for general consumers and for small businesses. We will cement the foundation for accelerating growth towards the range of 7% to 9% by 2024 with gradual margin improvement. For some, my home country may be considered a remote part of the globe. No definitely, yes, yes. Well, thanks everybody for joining us. VP & Chief Revenue Officer. We look forward to reporting on our continued progress in the next quarters. Thank you, John. ACI Worldwide combines its global footprint with local presence to drive the real-time digital transformation of payments and commerce. And thanks for that. As the U.S. makes a move to encourage use of real-time payments, its following other nations in adopting the real-time advance. For Q2 2022, we expect revenue to be in a range of $325 million to $345 million, and adjusted EBITDA to be in a range of $55 million to $75 million. If you look at COVID, we were impacted in some way because they delayed the projects. Who leaves late. Hilmar r H Egilson - Owner - Snjallar Lausnir | LinkedIn He earned his Master of Business Administration (MBA) at Getulio Vargas Foundation in Sao Paulo Brazil and his Bachelor, Civil Engineering at Maua Engineering School in Sao Paulo, Brazil. Odilon Almeidas duties as CEO will be taken over temporarily by Thomas (Tom) Warsop, most recently non-executive Chairman at ACI Worldwide Inc., as Interim Chief Executive Officer. Last year, we announced our partnership with RocketFuel as a partner in providing crypto as a payment option. It is the star of the payments around the globe. Who tumbles. Q1 didn't come different than what we were expecting, came close to what we were expecting. We are using cookies to give you the best experience on our website. ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. So I would say top of mind for banks around the globe, if youre asking me about you know recession, I mean whats happening with the economy, I think my line on that is it depends on how deep it is, how last it will go. I wanted to follow up a little bit on your second quarter guide. I'm pleased with the direction and focus of the business, the execution of our strategy and our progress in driving growth and strengthening profitability. Who comes. He is the Chairman of the Compliance and Business Conduct Committee. There are no other questions at this time. To subscribe, click here. Almeida left the company after less than three years at the helm, having joined in March 2020. We recorded organic revenue growth of 13% or 14% on a constant currency basis. ACI Worldwide fires CEO | Payments Dive Just for my benefit and those on the call, when do we start to get revenues in from those new opportunities? Our Boots on the Ground approach continues to deliver significant wins across international markets. You may continue. odilon almeida was born on month day 1942, to nestor almeida and maria vieira ramos almeida (born borges . [Operator Instructions]. Who obeys. Who is invested. Almeida had served as the companys president and CEO since March 2020, his biography on ACIs website notes. Who is praised. Billers was down year-over-year. If you peel that back even further on the bank side, really thats a lot of thats being powered by real-time payments, which you know through the first half of the year is up almost 50% over last year, so a lot of strength there. Deutsche Payment secure e-commerce, an established provider of innovative e-commerce payment solutions will use the ACI Secure eCommerce solution. There are 1 executives at ACI Worldwide Inc getting paid more, with Ram Puppala having the highest compensation of $1,056,554. And then if you could also touch on some of the investments you guys are making here for future growth, that would be great. Anything changing there in terms of the average term or anything that could be pulling some revenue forward? For him, it's integrity, accountability, diversity, and respect. From March 2020 to November 2022, Mr. Almeida was the as President and Chief Executive Officer, of ACI Worldwide Inc, and served as a member of the Companys Board of Directors. We expect 2022 to be an inflection point for ACI. (Lead to Leave a Legacy). or. Yes, maybe Ill take that and Odilon can add. Lastly, you mentioned some compelling wins in Japan, Korea, India. , The free newsletter covering the top industry headlines, Getnet Mexico and Pacto Launch Integrated Restaurant Software and Payments Solution Nationwide, Microsoft Executive to Provide AI Insights for Innovative Payments Conference Attendees, By signing up to receive our newsletter, you agree to our, Payments company ACI Worldwide has fired its CEO, Odilon Almeida, the company disclosed in a regulatory filing Tuesday. Yes George, just to complement, I think its important to reinforce our very strong ARR growth. A former top executive at Western Union, Almeida replaces Phil Heasley, who ran the . I learned from my mother the centrality of integrity. ACI Worldwide, Inc. (NASDAQ:NASDAQ:ACIW) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ETCompany RepresentativesOdilon Almeida - President, Chief Executive OfficerScott Behrens -. It helps bring them into NACHA compliance while enhancing their payment offerings. They work with a generous purpose and fuel momentum for themselves and others. Who betrays. Leadership is all about personal values. And finally, turning to our outlook for the rest of 2022. As of 8 November 2021 he still owns at least 184,410 units of ACI Worldwide Inc stock. Who decides. This is the bulk of it is all about next year. Good morning and thank you for taking my questions. But no, nothing that would change the structural change in our licenses. Sir, the floor is yours. Revenue for the quarter was $340 million, up 13% or 14% on a constant currency basis from Q2 last year. We ended the quarter with $115 million in cash on hand, a debt balance of $1 billion and a net debt leverage ratio of 2.4x, which is just under our 2.5x target. We are reiterating our full year guidance and expect revenue growth to be in the mid-single digits on a constant currency basis. Who leaves for good. He succeeds Odilon Almeida, who is departing from his role as CEO of ACI., ACI further said: On November8, 2022, ACI Worldwide, Inc. (the Company) announced that Odilon Almeidas employment terminated as President& CEO of the Company.. The estimated Net Worth of Odilon Almeida is at least $8.5 Million dollars as of 8 November 2021. The margin range is a little bit lower than what I would have expected. Odilon Almeida: Leads global software firm ACI from Coral Gables hub So real-time up 60%. | Learn more about Sesselja Ingibjrg Bardal Reynisdottir's work experience, education, connections & more by visiting their profile on LinkedIn ACI Director Mary Harman, who heads up the boards nominating and corporate governance committee, described the CEO ouster in the press release as a needed leadership change. The bank segment continues to come a little above what we expect. You can expect that we're going to continue to invest in this segment this year. Thank you all for joining us today, and now we will open for Q&A. Who signs. The name Odilon is boy's name meaning "wealth". Odilon Almeida, Aci Worldwide Inc: Profile and Biography Want to share a company announcement with your peers? Download full size colour image Mr. Almeida (1961) is a senior global leader with an exceptional record of value creation in the financial, fintech, telecom and consumer goods sectors. Certainly, the revenue range is strong, indicating another good quarter. Mary Harman, Nominating & Corporate Governance Committee Chair, said: As ACI advances its vision to lead the real-time payments revolution, the Board determined that now is the right time to transition to a new leader focused on accelerating our technology transformation and delivering operational excellence across our business. ACI Worldwide, Inc. (ACIW) CEO Odilon Almeida on Q2 2022 Results Odilon Almeida See Photos I'm pastor of biblical shcool New Time at Missao Oeste Do Par Lives in Manaus, Brazil Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Lives in Guarulhos Odilon Almeida See Photos Lives in Maring Odilon Almeida See Photos Odilon Almeida BSkyB REPRINT LICENCE. Odilon - Baby Name Meaning, Origin and Popularity - TheBump.com Our year-to-date results demonstrate the predictability, resilience and growth momentum of ACI Worldwide. We repurchased 1.1 million shares during the quarter for $38 million and have $178 million remaining on our current repurchase authorization as of the end of March. September 28, 2022. Origin: German. The largest trade he's ever made was selling 81,008 units of ACI Worldwide Inc stock on 7 June 2018 worth over $1,701,168. See Photos. Live from London,. That's great to hear. And then I just had a quick follow-up. What the appetite is today there? ACI Worldwide: No sign of Covid disrupting real-time digital - CNBC The next-gen RTP that youre talking about, can you just give us a sense of what will be enhanced when that comes out? [Operator Instructions] Your next question comes from Joe Vafi from Canaccord Genuity. So it is like the last technology that will be available, which will give our clients much more speed to go to the market, much easier to make changes to adapt the product and so forth. Who bows. Mr. Almeida and his closely related persons hold 26,682 Millicom shares. Who benefits. We expect 2022 to be an inflection point for ACI. We are making our business more predictable and delivering on our financial promises. Keep. Sure, George. Whos number 2. Hello, everyone, and thank you for joining our first quarter 2022 earnings conference call. Many times in my life she asked me, But what do you think about this? This guidance has shaped my way of thinking and keeps my eyes open to how the wind may blow from one direction or another. Who says what. Thank you, Scott. Work is underway on our next-generation, real-time payments cloud platform, and we expect the release of the minimum viable product in the first quarter of 2023.We expect the divestiture of our corporate online banking solutions to close in the third quarter of 2022, and our continuous rigorous review of divestitures and acquisitions opportunities to maximize shareholder value remains unchanged. What are maybe some of the opportunities there for you in the near to medium term? Warsop, 56,joined ACIs board in 2015 and became non-executive chairman just five months ago in June, according to his profile on ACIs website. Copyright 2023 Surperformance. Who is selected. Rabobank, Colombias largest POS network and the top processor has expanded to include ACI Proactive Risk Manager in a cross-sell deal. Who is successful. Entering text into the input field will update the search result below, continue to execute on the rigorous and disciplined management processes implemented in the last 2 years. We recorded organic revenue growth of 13% or 14% on a constant currency basis. Is this happening to you frequently? Mastercard cannot afford to ignore AI, CEO says, 2023 Economic Insight & Best Practices in Financial Risk Management, Why Spending Less May Be Good News for Card Companies, US, UK Households Are Cash-Stuffing to Cope With Cost-of-Living Jump, Instant Bank Payments: The Promise of a Faster Future, Money Movement, Uninterrupted: Building Resilient Payment Operations, Modernize Your Payment Stack to Increase Flexibility and Reduce Spend. As President for the Americas and European Union Region, Odilon Almeida is responsible for Youre talking about the next generation RTP orchestration, right, the cloud? I am also a member of the board of directors of Millicom International (NASDAQ:TIGO), a $6B international provider of cable and mobile services to 50M+ consumers in Latin America and Africa. H is employment was "terminated as President & CEO of the Company," according to an ACI filing with the Securities and Exchange Commission. Our management team and all employees must together understand and deliver on the needs of customers in more than 200 countries and territories. And that's why we are so centralizing in real-time payments. The Board is confident that the Company is well-positioned to build on the momentum underway as we work to provide the next generation of real-time payments solutions for our clients.. Who goes behind. Former Western Union exec named CEO of $1B area payments firm Our Boots on the Ground approach continues to deliver significant wins across international markets. We repurchased a little more than 900,000 shares for $25 million during the quarter and have repurchased approximately 2 million shares for $63 million year-to-date, and we have $154 million remaining on our current repurchase authorization as of the end of June. For example, 30 percent of our consumer to consumer transfers fund education. Odilon? Have a great day. We continue to execute on the rigorous and disciplined management processes implemented in the last 2 years. I would -- if you look at it, it's a pretty wide range on revenue and in particular on EBITDA. growth, focus on growth and step change value creation is working, and that our continued focus and disciplined execution of this strategy is gaining traction. Who is hero. Within this landscape, ACI remains at the forefront of real time payments across the globe by leading national payment schemes for central banks and connecting national banks to national systems. See Photos. Odilon Almeida - President, Chief Executive Officer Scott Behrens - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Pallav Saini - Canaccord Genuity Brett. ACI Announces Appointment of Odilon Almeida as President and Chief NAPLES ACI Worldwide, which handles some 20% of the world's payment activity and did $1.01 billion in sales in 2018, named veteran industry executive Odilon Almeida president and CEO. Odilon Almeida, Aci Worldwide Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Europe Bloomberg Daybreak Europe. I guess I looked at your guidance and assumed that to get to those numbers, licenses would have to have another good quarter, maybe up 50% year-over-year. I'd say that we really saw a lot of -- there was pent-up demand, if you look at -- in particular, on the bank side on license in the early part of last year that really picked up in the second half. Who commands. Who is a friend. They had 3 children: Sandra de Oliveira Limaand 2 other children. This is a number of quarters in a row, very good to see, but certainly, the last 2 quarters have just been very, very strong from a software license fee perspective. You're seeing us predicting numbers coming within the range above consensus after 8 quarters doing the same thing and accelerating growth. This quarter's strong organic revenue growth and significant new business wins demonstrate the continued execution of our Fit for Growth and Focus on Growth strategy. I bring with me a desire and sensibility to share the journey with my peers and direct reports. Work with a Generous Purpose (Share Momentum with Others). What we are building in the cloud with Azure now, we are going to have the minimal viable product for the United States by the beginning of next year, and this is going quite well. This is clearly one of the stronger results post Speedpay acquisition and I wanted to get a little color in terms of what was driving that growth perhaps from a vertical standpoint or from a geographical standpoint? We are pleased to deliver another quarter of results in line with guidance and consensus. At this time, it is my pleasure to turn the floor over to your host, John Kraft, Head of Strategy and Finance. Who deserves it. Who steps back. When you go to Billers. Log in or sign up for Facebook to connect with friends, family and people you know. He leads a company that helps businesses in the airline, gaming, digital entertainment, retail, restaurant and travel industries provide more flexible payment options to their customers. Who hurts. It wasn't just in kind of our traditional issuing, acquiring where the BASE24 product is. Bigger than the pipeline that we have 2 quarters ago. I think real-time payments is the star, right? There are hills and valleys, but that cultural perspective must always be kept at the forefront., 3. Odilon Almeida's bio reads as follows: President and Chief Executive Officer of ACI since March 2020 Served as an Operating Partner at Advent International, one of the world's largest private equity funds, from 2019 to 2020 Odilon Gonalves de Almeida: Birthdate: estimated before 1978 : Death: Immediate Family: Husband of Maria Salles de Almeida Father of Inim Gonalves de Almeida. ACI Worldwide, Inc. (NASDAQ:ACIW) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ETCompany Participants. Keep your Immigrant Perspective (See Opportunity in Everything). Served in various leadership capacities for Western Union from 2002 to 2016, including President Americas and Europe, President Americas and Senior Vice President and Managing Director, Latin America and Caribbean, Serves on the Board of Millicom International Cellular S.A. (NASDAQ: TIGO) and chairs the Boards Compliance and Business Conduct Committee. Prior to that, he held several positions at Western Union over 17 years, including president of that firms global money transfer unit. We will then open the line for questions. And finally our Biller segment revenue grew 8% on a reported and constant currency basis, while adjusted EBITDA decreased 18% or 19% on a constant currency basis versus Q2 last year. So it is performing as expected. Mr Almeida is 60, he's been the Pres and CEO & Director of ACI Worldwide Inc since . Before joining ACI, he served as an operating partner at private equity firm Advent International from 2019 to 2020. In a recent interview, Odilon Almeida shared his perspective on the six characteristics that define this immigrant mentality - and how they influence his leadership role to this day. We continue to expect 2022 adjusted EBITDA of $400 million to $415 million, and this excludes onetime costs related to the move of our European data centers to the public cloud. Now let me turn to some recent wins. Scott? Please go ahead. It also reinforces the mission critical role of our software and technology in leading the future of real-time payments worldwide. Odilon is an alternate spelling of Odilo (Old German): from the root name Otthild. Who has the last word. But in parallel, we have all the modernization of our offering, where we are building this next generation of payments, cloud native, that is -- that we're going to have like the minimum viable product already in the beginning of next year. ACI said: Thomas Warsop, formerly the non-executive Chair of the ACI Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Who is last. Trusted by millions of genealogists since 2003. Log in or sign up for Facebook to connect with friends, family and people you know. And this concludes today's conference call. So overall, we had a strong start to the year, delivering another quarter at or above the guidance we provided, and we are on track to deliver our full year outlook. Who helps. And again, we will update our outlook for the impact of the sale of our corporate online banking business once it closes, which is expected to be before the end of the third quarter. We did the same thing here with Q1. Who sees red. A French masculine form of Odilia/Odile which ranked in the top 500 in France for most of the first two decades of the 20th century, but has since fallen out of use. On todays call we will discuss the companys second quarter 2022 results and ACIs financial outlook for the rest of the year. Please go ahead George. So we can see, again, the pipeline in the international markets getting stronger month after month. Thank you for the question, Joe. So when we talk about ARR, we are talking about the first year expected revenue after we launch that client and we have a growth of like more than 40% this year, and we are projecting very strong growth for this year. The announcement follows a decline in ACI Worldwide Inc.s share price of 28% since March 2020. Jose Odilon Almeida (Odilon) See Photos. This type of adaptability has enriched my professional capabilities, enabled me to work with people and organizations regardless of culture, and positioned me for my current role at Western Union., 5. Almeida: I have faced very volatile markets and moments in Brazil and Latin America, from hyperinflation to all kinds of economic plans and political instability.
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