That is the combination of the market reacting, but it's also the combination of our international expansion of Merchants. Who wishes luck. Who is gone. 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. Immaterial of where you are from, immersing in diverse cultural and personal norms may sometimes make it feel that accomplishing a task is impossible. Albeit a small portion of the business, it can have a year-over-year impact, but thats up 6% constant currency year-to-date. Who has headwind. I have seen people struggle with reality and spend much time and effort to deny it. Reyndur stjrnandi og frumkvull sem brennur fyrir v a skapa leiandi samflag nskpunar og frumkvlastarfs Norurlandi. This year, as we said last time, we are projecting around mid-digit growth. We're already talking to the banks about that. 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. People named Odilon Jos Almeida. Who is under. So for banks and intermediaries, the answer is a much more significant pipeline than 3 or 6 months ago. They had 3 children: Sandra de Oliveira Limaand 2 other children. And I would really emphasize the other pillar of growth. 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. nominating and corporate governance committee, described the CEO ouster in the press release as a needed leadership change. As of 8 November 2021 he still owns at least 184,410 units of ACI Worldwide Inc stock. Who is familiar. Opinions expressed by Forbes Contributors are their own. Almeida: The importance of empathy or having a generous purpose cannot be overstated, especially for leaders. Odilon is an unusual surname too for both adults and children. Yes, just to complement George. Who has tailwind. Trusted information source for millions of people worldwide . September 28, 2022. Our Boots on the Ground approach continues to deliver significant wins across international markets. We expect 2022 to be an inflection point for ACI. View the profiles of people named Odilon Almeida Almeida. The estimated Net Worth of Odilon Almeida is at least $8.5 Million dollars as of 8 November 2021. Who packs in. Prior to that, he held several positions at Western Union over 17 years, including president of that firms global money transfer unit. 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. Who helps. Who is major. Who is refunded. 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. Mr. Almeida strengthens the Millicom Board with decades of experience from the financial services and fintech sectors, and a leadership style anchored in growth acceleration and business turnarounds involving retail and digital transformation, organic growth and successful M&A. 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. This greater purpose is important immaterial of rank and file. Thank you. 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. Who is over. We are pleased to deliver another quarter of results in line with guidance and consensus. Is this happening to you frequently? Last year, we announced our partnership with RocketFuel as a partner in providing crypto as a payment option. Promise Who is invested. [Operator Instructions] Your first question comes from George Sutton from Craig-Hallum. Odilon Almeida - President and CEO. I wanted to drill into bill pay a little bit. So you can expect that real-time payments will continue to drive growth in the payments industries going forward. 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. Deutsche Payment secure e-commerce, an established provider of innovative e-commerce payment solutions will use the ACI Secure eCommerce solution. So very, very positive about the trends with banks. It is making our business more predictable and our growth momentum clear. ACI will undertake a search for a successor. Odilon, how would you characterize your pipeline today from a geographic or segment perspective versus, let's say, 3 months ago given the macro environment? As a follow-up, I know, Scott, you give real-time numbers in your Q, but we haven't seen that yet. ACI did not give an explicit reason for Odilon Almeidas departure from the CEO post. We have nothing to announce today, Sam. 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. The meaning of Odilon is "prosperous in battle". 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. 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? We tend to focus on the result to be delivered, on the matter to be solved, and not on the individual who will make it happen. Who can say it? But as Odilon Almeida, global chief executive officer at ACI. Odilon as a name for boys is of Old German origin, and the meaning of the name Odilon is "fortunate or prosperous in battle". You can find the full text of both statements on the first and final pages of our presentation deck, a copy of which is available on our website and with the SEC. And given that, I would have expected that EBITDA margins to be more in line with the first quarter. We have continued buying back ACI shares and ended the first quarter with $178 million remaining on our share repurchase authorization. Yes, there are some of them that we talked about, which is license right, that we got the revenue right away. Who is hero. Live from London,. 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. Almeida: As one of the leaders in a Fortune 500 company, I find I must nurture and act on my entrepreneurial spirit daily, while navigating and building an organization that has the infrastructure necessary to serve about 10,000 employees who live and work in over 50 countries and speak more than 37 languages. Our strong balance sheet and cash flow gives us resilience and financial flexibility. And remember, under the new rules, if you have an example -- for an example, renewal, you can't recognize that until the start of the new term. Odilon Jos De Sousa Almeida. You may opt-out by. 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. Sign up and receive our free newsletter every Monday morning. Thank you all for joining. So I think the investment for growth in real-time payments is showing, you can see the above 60% growth this quarter. He used to tell me that youd better learn to like what you have to do. I joined Western Union because it is a purpose-driven company. Who is at rest. You can expect that we're going to continue to invest in this segment this year. This concludes todays conference. Who fights for money. Log In. So I just wanted to get some picture there, if we could. Our management team and all employees must together understand and deliver on the needs of customers in more than 200 countries and territories. Thank you, John. I have worked across several industries: consumer packaged goods, beverages, banking and money transfer, and have worked in multiple functional areas and several countries. Who steps up. And I have a follow-up. Over the last 16 years, insiders at ACI Worldwide Inc have traded over $13,121,900 worth of ACI Worldwide Inc stock and bought 163,169 units worth $3,555,717 Customers use its proven, scalable and secure solutions to process and manage digital payments, enable omni-commerce payments, present and process bill payments, and manage fraud and risk. Bigger than the pipeline that we have 2 quarters ago. And what some potential areas of interest might be in the near term? Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Im pleased with the consistency of our performance and our significant financial flexibility, which support short and long term profitable growth. Who is good. You're seeing us predicting numbers coming within the range above consensus after 8 quarters doing the same thing and accelerating growth. Odilon Almeida - President, Chief Executive Officer Scott Behrens - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Pallav Saini - Canaccord Genuity Brett. Who is at C-level. And I think if you look at the performance last year, you can see that as an improvement, and I would expect and that we are well positioned this year to continue to get closer to the double-digit growth. Embrace your Cultural Some are divestitures, some are acquisitions, all of them are accretive to the company. Menu Log In Sign Up He managed WUs global consumer business and its money transfer and bill payment omni-channel business in 98 countries across North America, Europe, Latin America and the Caribbean. Odilon Da Silva. By PYMNTS | June 7, 2021 | Country by country, real-time payments systems are taking shape, focusing on domestic transactions. A company spokesperson declined further comment. Who is a bigwig. On this mornings call is Odilon Almeida, our President and CEO; and Scott Behrens, our CFO. Central government mandates continue to be the difference maker for faster adoption of real-time payments around the globe. Whos number 2. Who keeps going. Odilon Almeida concludes that, Its important to remember that when you get caught up in day-to-day operations, like many, we tend to focus more on repairing what is wrong than optimizing what is good and strong. 1. Will frictionless checkout ever take off in retail. or. Western Union With that, I'd like to turn the call over to Odilon. 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. Llopis: A 21st century leader inspires and motivates others through their own passion and commitment to explore endless possibilities. Revenue for the quarter was $340 million, up 13% or 14% on a constant currency basis from Q2 last year. Keeping this cookie enabled helps us to improve our website. Who packs out. Potomac Officers Club provides you with Daily Updates and News Briefings about Executive Profiles, Tags: ACI Worldwide Alpargatas Colgate-Palmolive Executive Profiles financial technology LinkedIn Odilon Almeida The Coca-Cola Company Western Union, The Potomac Officers Club is a membership organization for executives in the government contracting space. He extended his education at Harvard Business School, The Wharton School and the International Institute of Management (IMD). He is the Chairman of the Compliance and Business Conduct Committee. Let Payments Dive's free newsletter keep you informed, straight from your inbox. No. 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. Please. Sign up for free newsletters and get more CNBC delivered to your inbox. Helen of Troy CEO Julien Mininberg to leave, President and Chief Executive Officer of ACI since March 2020, Served as an Operating Partner at Advent International, one of the worlds largest private equity funds, from 2019 to 2020. 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. So real-time up 60%. And so I wanted to follow up and just see if I'm misinterpreting the mix. 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. 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. Mr. Almeida is fluent in English, Spanish and Portuguese. EBITDA growth of 50% or 49% on a constant currency basis and new ARR bookings. Billers, we spent a lot of time and effort on migrating from the data center of Western Union last year. Who gives up. Odilon Almeida is the president, chief executive officer and a member of the board of ACI Worldwide, a provider of real-time electronic payment and banking solutions. Work with a Generous Purpose (Share Momentum with Others). Have a great day. Who goes through hell. Who serves. Who is in quest. Leadership is all about personal values. We are making our business more predictable and delivering on our financial promises. Please disable your ad-blocker and refresh. Miami-based ACI provides payments software services to banks, merchants and billers worldwide, and it has worked with the Federal Reserveon the central banks FedNow instant payments pilot. As President and Chief Executive Officer at ACI WORLDWIDE INC, Odilon Almeida made $8,768,059 in total compensation. 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. 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. Now let me turn to some recent wins. Who has the last word. Our new ARR bookings growth was 3% compared to the second quarter of 2021 and ARR year-to-date is up 43%. 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. Odilon is an alternate spelling of Odilo (Old German): from the root name Otthild. Who deserves it. And any update on the crypto part of your business? Before joining ACI, he served as an operating partner at private equity firm Advent International from 2019 to 2020. Awesome. Odilon Almeida, Aci Worldwide Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Europe Bloomberg Daybreak Europe. When we went out of our Q4 earnings, we said we are continuing to see that here in the first half of this year. We want to hear from you. We see our international business growing much faster than our business in United States and in Europe at this point, and that should continue going forward. As President for the Americas and European Union Region, Odilon Almeida is responsible for 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 Almeida had served as the companys president and CEO since March 2020. . Thank you, guys. It is now my pleasure to turn the call over to Mr. John Kraft, Senior Vice President of Strategy and Finance. We pay our employees in 45 different currencies. If you look at COVID, we were impacted in some way because they delayed the projects. ACI Worldwide, Inc. (NASDAQ:ACIW) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ETCompany Participants. A former top executive at Western Union, Almeida replaces Phil Heasley, who ran the . Significantly bigger than that and very skewed to international markets overall as planned, as expected. We will then open the line for questions. 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, Harman said in the release. I can tell you that our pipeline today for banks and intermediaries is significant, significant. Sign Up Now! 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. With that, Id like to turn the call over to Odilon. This value is top of mind for me as I lead my organization every day., 6. In his four years at the multinational beverage corporation, he served as marketing director for Brazil and chief of staff for Latin America operations. In terms of capital allocation, we continue to expect to use approximately 50% of our cash flow for share repurchases for the remainder of the year. You can find the full text of both statements on the first and final pages of our presentation deck, a copy of which is available on our website and with the SEC. Mr Almeida is 60, he's been the Pres and CEO & Director of ACI Worldwide Inc since . Who is right. Employ your Circular Vision (Anticipate the Unexpected). Odilon Almeida is on the board of Millicom International Cellular SA and Member of Young Presidents' Organization, Inc. Who is a friend. Who steps down. However in my view, impossible is not an absolute, and situations often require more time and a lot of resilience. Odilon Almeida, president and CEO of payments software company ACI Worldwide, says there is no sign of the Covid-19 crisis impacting real-time digital payments this year or moving forward. So -- but I think if you look at combined Q1, Q2, first half year-over-year, that would imply -- at the low end of the range would imply a 10% revenue growth and EBITDA growth in the mid-teens. 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. 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 means well. Great. Who hurts. We will cement the foundation for accelerating growth towards the range of 7% to 9% by 2024 with gradual margin improvement. Scott Behrens - CFO . It helps bring them into NACHA compliance while enhancing their payment offerings. 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. Who quits. Who is successful. If you look at bill pay up 8% over last year, and then on the Merchant segment our constant currency, yes its 2% for the quarter, but its up 6% year-to-date, and so the timing of some of the license fee can make a difference in that business. I am on this journey. ACIs board plans to tap an executive search firm in seeking a permanent CEO replacement, the release said.
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