Subsequent Event

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Event

17. Subsequent Event

On January 20, 2016, the Company and Fiserv, Inc. (“Fiserv”) entered into a definitive agreement (the “Agreement”) providing for the sale of its Community Financial Services products and their related identified assets and liabilities for $200.0 million, subject to certain working capital adjustments, on the terms and conditions described in the Agreement.

The consummation of the Agreement is subject to the satisfaction of customary conditions, including the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, ACI’s delivery of specified third-party consents and the absence of a material adverse change. Either party may terminate the Agreement under certain circumstances, including, a failure of the transaction to close on or prior to June 30, 2016 or such other date as may be mutually agreed upon by the parties, and certain breaches of representations and warranties or covenants of the other party.