I know you guys touched on it earlier in the call, but I just wanted to ask about the M&A pipeline. Before joining ACI, he served as an operating partner at private equity firm Advent International from 2019 to 2020. For Q3 we expect revenue to be in the range of $310 million to $325 million, and adjusted EBITDA to be in a range of $50 million to $65 million. Who is confident. We reported organic growth of 13% or 14% on a constant currency basis, and EBITDA growth of 10% or 11% on a constant currency basis. Who is last. Mr Almeida owns over 15,352 units of ACI Worldwide Inc stock worth over $4,711,676 and over the last 9 years he sold ACIW stock worth over $2,984,293. But the merchant piece of the business has been slowing and the recurring revenue slowing, and I just wanted to make sure we understood sort of what is causing that to occur? This year, we are cementing our mid-single-digit organic growth and positioning the company to deliver upper single digits by 2024. As we've previously said, now that our debt balances are at our leverage targets, we have revised our capital allocation priorities in the near term, increasing the expected cash flow used for repurchases to approximately 50% of our cash flow. If you have an ad-blocker enabled you may be blocked from proceeding. I want to thank the ACI family for all the efforts and outcomes in Q1. Who is big kahuna. 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 We continue to execute on the rigorous and disciplined management processes implemented in the last 2 years. From my life experience to date -- in several countries with distinct and unique cultures -- I have found that once you can develop a shared sense of the reality you are approaching, bringing people together to share a journey and a vision can lead to infinite possibilities., 2. Popularity: 10337. The announcement follows a decline in ACI Worldwide Inc.s share price of 28% since March 2020. See Photos. I can tell you that our pipeline today for banks and intermediaries is significant, significant. I am pleased with the significant wins in the second quarter, and now I will turn it over to Scott to discuss financials and forward guidance. Data is a real-time snapshot *Data is delayed at least 15 minutes. That really gets into kind of the mix of what license deals get done before the end of the quarter and which ones don't. Who is a follower. So with international markets, global merchants around the globe -- global merchants, they are on globe, sorry, all merchants, international markets and you have the next generation of payments. They are excited about this new technology that we are building, and that's all about the future. (2000 U.S. And when you go to Billers, I can tell you that we have never had this strong pipeline as we have today. Im pleased with the consistency of our performance and our significant financial flexibility, which support short and long term profitable growth. Who leaves late. Who presides. Who is successor. ACI Worldwide Inc., a leading global provider of real-time electronic payment and banking solutions, today announced that Odilon Almeida has been appointed President and Chief Executive Officer . Got it. So I would tell you that part of that revenue we can expect this year, but the bulk of the revenue will be next year. Who is bad. Yes, maybe Ill take that and Odilon can add. Coming from a culture that is family-oriented, I draw inspiration from my parents. Dated: 22-Jul-16 Parties: (1) Executive Interviews Ltd of Unit 8 Whittle Court, Davy Avenue, Knowlhill, Milton Keynes, MK58FT, UK ("EI"); and This is the bulk of it is all about next year. Who says what. Who is confidant. Who soothes. It is not about nationality; it is about the values that help define achievement. Watch Odilon Almeida, Western Union Executive Vice President of the Americas & European Union, talk to Sky News about how WU puts the consumer first. And finally, turning to our outlook for the rest of 2022. We're already talking to the banks about that. So very, very positive about the trends with banks. We all can learn to realize these six characteristics by embracing the immigrant mentality that accounts for 40% of Fortune 500 companies, which were founded by immigrants or their children. Thank you, Scott. You may continue. I am on this journey. Who is selected. Who has the last word. Of this total $675,000 was received as a salary, $837,000 was received as a bonus, $0 was received in stock options, $7,249,979 was awarded as stock and $6,080 came from other types of compensation. Some of them are AR for banks and intermediaries. Who tumbles. 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. Yes, just to complement George. ACI Worldwide, Inc. (ACIW) CEO Odilon Almeida on Q2 2022 Results This is a BETA experience. Most recently, he was President, Western Union Global Money Transfer, where he headed the companys $5B consumer business in 200+ countries and territories. Influenced by their cultural values, they had a distinct advantage in business and in life by being able to see opportunities everywhere opportunities previously unseen and that others didnt see at all. Who is vested. Who steps back. Turning to our segment results, bank segment revenue grew 24% or 27% on a constant currency basis, and segment adjusted EBITDA increased 29% on both a reported and a constant currency basis versus Q2 last year. Significantly bigger than that and very skewed to international markets overall as planned, as expected. It is now my pleasure to turn the call over to Mr. John Kraft, Senior Vice President of Strategy and Finance. Regarding our third pillar, step-change value creation to M&A, we have no announcements at this time, but I can assure you that we are making progress. Perfect! Subscribe to Payments Dive for top news, trends & analysis. Sign Up. As a follow-up, I know, Scott, you give real-time numbers in your Q, but we haven't seen that yet. A leading global clothing merchant will use our newly launched chargeback indemnification service. Who crumbles. Reyndur stjrnandi og frumkvull sem brennur fyrir v a skapa leiandi samflag nskpunar og frumkvlastarfs Norurlandi. Who is successful. Who is replaced. When we went out of our Q4 earnings, we said we are continuing to see that here in the first half of this year. Who prompts. As someone who has argued for double-digit organic growth for over a decade, the fact you've done it 2 quarters in a row, I have to give you credit. Who fights for honor. You can see the complete history of Mr Almeida stock trades at the bottom of the page. Merchant segment revenue decreased 2% on a reported basis, but increased 2% on a constant currency basis, while Merchant segment adjusted EBITDA was down 41% or down 32% on a constant currency basis versus Q2 last year. 2023 CNBC LLC. Please go ahead. I mean that's an area if you look at banks, banks have pretty broad-based growth. All lines have been placed on a listen-only mode and the floor will be open for your questions and comments following the presentation. Almeida graduated from Maua Institute of Technology with a bachelors degree in civil engineering before completing his Master of Business Administration degree from the Getulio Vargas Foundation. The Middle East is taking strides towards real-time payments as national governments prioritize infrastructure modernization. Odilon Almeida Da Silva. , 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. Prior to joining ACI Worldwide in March 2020, Almeida had a brief stint as an operating partner at private equity firm Advent International, according to his LinkedIn profile. Awesome. March 2020 is the month in which Almeidas tenure as CEO began. Who is a leader. Thank you. Log in or sign up for Facebook to connect with friends, family and people you know. Who is in quest. Whos out. 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. Please. As of 8 November 2021 he still owns at least 184,410 units of ACI Worldwide Inc stock. Who wins. ACI Worldwide, Inc. (NASDAQ:ACIW) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET, Odilon Almeida - President, Chief Executive Officer, John Kraft - Head of Strategy and Finance. We want to hear from you. Who is first. Live with an Entrepreneurial Spirit (Innovation Comes Second Nature). Entering text into the input field will update the search result below. Almeida had served as the companys president and CEO since March 2020, his biography on ACIs website notes. Want to share a company announcement with your peers? ACI Worldwide combines its global footprint with local presence to drive the real-time digital transformation of payments and commerce. The estimated Net Worth of Odilon Almeida is at least $8.5 Million dollars as of 8 November 2021. Adjusted EBITDA for the quarter was $66 million up 10% or 11% on a constant currency basis from Q2 last year, and net new ARR bookings in Q2 were $18 million, up 3% from Q2 last year and up 43% year-to-date. Our real-time payment solutions continue to make headway across the globe, just as our Merchants omni-commerce solution enters new markets and expands with innovative offerings. I first plan to review our financial results for Q2 and then provide our outlook for the rest of the year. Who serves. Odilon Jos De Sousa Almeida. Who packs out. Who decides. He extended his education at Harvard Business School, The Wharton School and the International Institute of Management (IMD). ACI said: Thomas Warsop, formerly the non-executive Chair of the ACI Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. Yes, Ill take the latter first. ACI Worldwide, Inc. (ACIW) CEO Odilon Almeida on Q3 2021 Results We have nothing to announce today, Sam. Our management team and all employees must together understand and deliver on the needs of customers in more than 200 countries and territories. We look forward to catching up in the coming weeks. Please go ahead. First question is from George Sutton of Craig Hallum. And where do you see the most opportunity to add to your pipe as we look at the rest of the year? Our Boots on the Ground approach continues to deliver significant wins across international markets. Served as President of Western Union Global Money Transfer from 2017 to 2019, where he managed $5 Billion of business in more than 200 countries and territories. ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. As announced by ACI Worldwide Inc. in a news release and in a regulatory filing published on Tuesday, November 8, 2022, Odilon Almeida leaves his post as chief executive officer at the specialist in real-time payments software, after less than three years in the role, effective immediately. They had 3 children: Sandra de Oliveira Limaand 2 other children. Earlier, Mr. Almeida was President, Americas and Europe, President, Americas, Senior Vice President and Managing Director, Latin America and the Caribbean, Senior Vice President and Managing Director, South America and Regional Vice President, Southern Cone, Americas. Who resigns. Hilmar r H Egilson - Owner - Snjallar Lausnir | LinkedIn Who bows out. When you talk about Merchants, that's the same case. Turning to our segment results. Whos number 1. Hello everyone! Who is hired. In this position, he turned around and stabilized WUs largest global business following years of volatility and compliance issues, generated top-line continuous profitable growth acceleration and, expanded WUs digital footprint strengthening the companys position as the Global digital leader in Consumer Money Transfer. So I wouldn't look at anything structural with Q2 in particular. Scott Behrens - CFO . Good morning and thank you for taking my questions. I think all the input -- all the focus on the international areas are paying back. A company spokesperson declined further comment. And there is no further questions at this time. In his four years at the multinational beverage corporation, he served as marketing director for Brazil and chief of staff for Latin America operations. Odilon Almeida:I hail from Sao Paulo, Brazil, and live in the US. Odilon Da Silva. We're in the range of $1.415 billion to $1.435 billion. Who does well. Who is an enemy. Some are divestitures, some are acquisitions, all of them are accretive to the company. Who can say it? Is this happening to you frequently? Who is welcomed. Our year-to-date results demonstrate the predictability, resilience and growth momentum of ACI Worldwide. And a lot of that license, you would drop to EBITDA as well. When you go to Billers. Please disable your ad-blocker and refresh. Billers was down year-over-year. The Push-out Score determined by exechange gauges the pressure surrounding Odilon Almeidas move on a scale of 0 to 10. exechange reached out to ACI and offered the company the opportunity to comment on the score. This greater purpose is important immaterial of rank and file. Who stands by. ASSOCIATED WITH fortunate (blessed), prosperous (wealthy), battle (war), ALTERNATIVE FORMS VIA ODILO Odile, Odilio, Otildo, Odilon is an uncommonly occurring given name for men. Almeida, who was terminated without cause, is entitled to severance pay under an existing agreement, as long as he enters into a customary release of claims against the company,ACI said in the SEC filing, . That takes around six to 12 months to launch most of the time on a subscription basis, and then you have merchants, that takes around also three to six months to launch. Who has headwind. Keep your Immigrant Perspective (See Opportunity in Everything). Odilon Almeida. Last year, we announced our partnership with RocketFuel as a partner in providing crypto as a payment option. Teresinhawas born on July 14 1949, in Rio de Janeiro. Our partnership with Ellucian, the industry leader in student information systems, has resulted in the signing of 22 schools. Would have anticipated Biller to be a little stronger with the modernized interface. Who gives in. And I think that's what the whole journey is about. Central government mandates continue to be the difference maker for faster adoption of real-time payments around the globe. What the appetite is today there? ACI Worldwide, Inc. (ACIW) CEO Odilon Almeida on Q1 2022 Results Yes. I think that is really the change that we're seeing in the company related to the culture of accountability and the culture of operational discipline. Who is there. It lets merchants offer goods and services directly to consumer smartphones using location, voice and image recognition technology. That is the combination of the market reacting, but it's also the combination of our international expansion of Merchants. This value is top of mind for me as I lead my organization every day., 6. It is making our business more predictable and our growth momentum clear. Denying reality is a loss of time and energy. EBITDA growth of 50% or 49% on a constant currency basis and new ARR bookings. We continue to make our business more predictable and deliver on our commitments. Mr Almeida owns over 15,352 units of ACI Worldwide Inc stock worth over $4,864,736 and over the last 9 years he sold ACIW stock worth over $2,984,293. So real-time, very strong, just really broad-based in the bank's strength in the first quarter. However in my view, impossible is not an absolute, and situations often require more time and a lot of resilience. Lastly, you mentioned some compelling wins in Japan, Korea, India. I thank our ACI employees for their dedication and our partners and customers for their trust. Bank segment revenue grew 38% or 40% on a constant currency basis to $132 million, and segment adjusted EBITDA increased 74% on both a reported and a constant currency basis versus Q1 2021. Odilon Almeida, Aci Worldwide Inc: Profile and Biography 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. 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. And finally, turning to our outlook for 2022. Who is victim. Managed by: Private User Last Updated: November 4, 2014 Whos old. The bank segment continues to come a little above what we expect. Odilon Almeida is on the board of Millicom International Cellular SA and Member of Young Presidents' Organization, Inc. Who obeys. And we are -- our winning rate in our cloud offering today for new logos is significantly higher than our winning rate on-premise today, which also shows the trend that shows how are we investing in the future of banks and intermediaries. Odilon Almeida, Aci Worldwide Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Europe Bloomberg Daybreak Europe. Our 3-pillar strategy is working. Like many who have found success in leadership positions, he embodies the six characteristics that define what it means to be a 21st century leader. Please. Origin: German. Our Boots on the Ground approach continues to deliver significant wins across international markets. Who is invested. People named Odilon Jos Almeida. He was buried at burial place. Certainly, the revenue range is strong, indicating another good quarter. Who is praised. It also reinforces the mission critical role of our software and technology in leading the future of real-time payments worldwide. Who is left. He has been a Board Member of Millicom International (NASDAQ US:TIGO; NASDAQ Stockholm: TIGO_SDB) and Chairman of its Compliance. Today's call is subject to safe harbor and forward-looking statements, like all of our events. Other recommended sound-alike names are Adison, Adisson (see Addison), Admon, Adron, Aimon, Allon, Arion, Brion, Buiron, Caidon, Dallon, Dalon, Deion, Delon, Dillon, Dilon, Dion, Dixon, Dyllon, Edison, Edmon, Edson, Eilon, Einon, Elon, Emilion, Gidon, Gillon, Gilon, Gilson, Haimon, Hilton, Ilon, Jaelon, Jailon, Jaison, Lidon, Lion, Liron, Marlon, Mellon, Milton, Miron, Neilson, Nilson, Oberon, Odall (see Odell), Odell, Odhran, Odie, Odin, Odo, Odolff, Odon, Ogdon, Oisin, Olen, Olin, Olyn, Orion, Orlan, Oron, Rion, Simon, Sion, Tallon, Talon, Taylon, Tildon, Timon, Verlon, Waylon, Wilson and Wilton. We are not hearing that at this moment, so Ive not heard anything from banks in Middle East or in Europe or even in Europe right or in Asia or Latin America or United States about delaying investments at this point. Odilon Almeida Junior - Board member and Chairman of the - LinkedIn Who is familiar. Yes, okay yes. We are winning all around the globe, sometimes with the local hub, sometimes with the connections of the banks to the local hub. Copyright 2023 Surperformance. Omans Central Bank will use ACIs real-time central infrastructure software to drive immediate payments as the country modernized towards a cashless society.