They share their successes instantly across the remotest parts of the world, driving enormous change instantly. The name Odilon is boy's name meaning "wealth". Todays call is subject to Safe Harbor and forward-looking statements like all of our events. Who is confidant. Who speaks. Llopis: A 21st century leader is entrepreneurial by nature, constantly building relationships, taking smart risks, learning rapidly all with the objective of making a positive impact. 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. Who wins. About us See Photos. [Operator Instructions]. There are many lessons to be drawn on passion from the customers we serve global workers and small businesses moving money that moves the globe. (TOP BABY NAMES, 2018). The oldest executive at ACI Worldwide Inc is Evanthia C. Aretakis, 61, who is the Exec. [Operator Instructions]. These results underscore the predictability, resilience and momentum of our growth. 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. He also has driven consistently successful short- and medium-term turnarounds to restore growth while improving both operating discipline and execution across markets in the U.S., Europe, Middle East, Africa, Latin America and the Caribbean. Watch Odilon Almeida, Western Union Executive Vice President of the Americas & European Union, talk to Sky News about how WU puts the consumer first. To help provide for an orderly transition, the Board intends to enter into a transition services agreement with Almeida through November 30, 2022. Sign Up. ACI Worldwide combines its global footprint with local presence to drive the real-time digital transformation of payments and commerce. We will cement the foundation for accelerating growth towards the range of 7% to 9% by 2024 with gradual margin improvement. He also took courses from IMD and Harvard Business School. Who says what. And the other main belief that we have, as I said before, 1 of the 4 pillars of growth in international markets and that those international markets continue to overdeliver for us. Odilon Almeida is the Pres, CEO & Director at ACI Worldwide Inc. As the Pres and CEO & Director of ACI Worldwide Inc, the total compensation of Mr Almeida at ACI Worldwide Inc is $801,335. Keep your Immigrant Perspective (See Opportunity in Everything). 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. Your next question comes from Mayank Tandon from Needham & Company. So I'm very confident about the pipeline of Billers, I'm very confident about the signing of Billers this year. Who is last. And then if you could also touch on some of the investments you guys are making here for future growth, that would be great. Who is sad. Additionally, he is a former personal care director at Colgate-Palmolive and chief operating officer of Alpargatas, a Brazilian producer of footwear, apparel and sporting goods. See Photos. [Operator Instructions] And we do not have any questions at this time oh! Who is honored. Indias largest white label ATM service provider with more than 11,000 ATMs has signed ACIs enterprise payments platform solution to support its expansion. The name refers to: Odilo of Cluny, sometimes referred to as St. Odilon; Odilon Barrot (1791-1873), French politician; Odilon Lannelongue (1840-1911), French physician and surgeon; Odilon Polleunis (b. 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. We see the results of these investments as we enter new markets and cross-sell to existing customers. 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. Real-time payments had over 60% revenue growth in the quarter, and our fraud detection product was in the mid-20s. 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. We are making our business more predictable and delivering on our financial promises. Consolidation is still going on. 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. Who keeps going. A former top executive at Western Union, Almeida replaces Phil Heasley, who ran the . That's great to hear. 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. To subscribe, click here. 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. People named Odilon Almeida Da Silva. Omans Central Bank will use ACIs real-time central infrastructure software to drive immediate payments as the country modernized towards a cashless society. Who leaves late. We announced a $250 million share repurchase authorization in December with plans to use a significant portion of this in the near term. All rights reserved, Frank Bisignano, CEO and President of Fiserv, US Space Force Launches Rendezvous and Proximity Satellite Operation Center. Who excites. I'm pleased with our operational progress and our significant financial flexibility, which support short- and long-term profitable growth. It also reinforces the mission critical role of our software and technology in leading the future of real-time payments worldwide. Working to achieve this requires commitment, resilience and a sense of urgency, and as a truly global company our employees bring this to the fore every day based not only on their own diversity and passion for what they do, but that also of our customers., 4. 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. The bank segment continues to come a little above what we expect. Odilon? Thanks Odilon and good morning everyone. And I would really emphasize the other pillar of growth. 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. 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. 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. And as a follow-up, I wanted to get some color on a high level on what youre seeing in terms of bank spending and how much of a priority payments is given the current macro backdrop, and what youre hearing from your conversations with your bank clients? On average, Mr trades about 6,419 units every 78 days since 2014. Who is welcomed. Who steps back. Who decides. Who is familiar. ENDS WITH -on. So we're in the -- I'd call it, we're in the early months of that partnership, but nothing in particular to update on that. You may disconnect your lines at this time and have a great day! Well, thanks everybody for joining us. We help move money for global workers, for general consumers and for small businesses. Trusted information source for millions of people worldwide . A B C D E F G H I J K L M N O P Q R S T U V W X Y Z. 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. Almeida had served as the companys president and CEO since March 2020. . Who is bad man. Live from London,. Who designs. Thank you, Scott. Who kicks back. In his four years at the multinational beverage corporation, he served as marketing director for Brazil and chief of staff for Latin America operations. 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. We look forward to catching up in the coming weeks. Odilon Almeida, Aci Worldwide Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Europe Bloomberg Daybreak Europe. Adjusted EBITDA for the quarter was $68 million, up 50% or 49% on a constant currency basis from Q1 2021. 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.. Embrace your Cultural If you have an ad-blocker enabled you may be blocked from proceeding. Also, we are moving fast in merchants for real-time payments every place that we can at that kind of service. The estimated Net Worth of Odilon Almeida is at least $8.65 Million dollars as of 8 November 2021. That basically is like a rewrite of all the code. In addition, he makes $801,335 as Pres and CEO & Director at ACI Worldwide Inc. Mr has made over 11 trades of the ACI Worldwide Inc stock since 2014, according to the Form 4 filled with the SEC. Prior to that, he held several positions at Western Union over 17 years, including president of that firms global money transfer unit. 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. And then anything changing? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Hello, everyone, and thank you for joining our first quarter 2022 earnings conference call. Thank you, John. The Middle East is taking strides towards real-time payments as national governments prioritize infrastructure modernization. This year, we are cementing our mid-single-digit organic growth and positioning the company to deliver upper single digits by 2024. Would have anticipated Biller to be a little stronger with the modernized interface. Sure, George. ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. Famous bearers include 19th century French prime minister Odilon Barrot and symbolist painter and printmaker Odilon (born Bertrand . 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. Through this I learned to focus on outcomes and not dwell on how to get there. Who is ousted. Joe Vafi, managing director of equity research at Canaccord Genuity, called Almeidas firing a little bit of a head scratcher.. Origin: German. So we can see, again, the pipeline in the international markets getting stronger month after month. 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 assists. 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. 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. 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. Who is first. growth of 117% compared to the first quarter of 2021. Please go ahead. Payments software firm ACI Worldwidehas parted ways with now former CEO Odilon Almeida and appointed Thomas Warsop as interim CEO, effective immediately. 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. Copyright 2023 Surperformance. 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. So real-time up 60%. 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. That is the combination of the market reacting, but it's also the combination of our international expansion of Merchants. Western Union 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 thank you for your participation. Thank you, and good morning, everyone. It hosts several series of annual events that discuss trends and opportunities in the defense, artificial intelligence, intelligence, cybersecurity and homeland security industries. Thank you. During his 16-year tenure at the financial services company, Almeida ascended to the role of president. Payments company ACI Worldwide has fired its CEO, Odilon Almeida, the company disclosed in a regulatory filing Tuesday. Who goes through hell. With that, I will pass it back to Odilon for some closing comments. Our year-to-date results demonstrate the predictability, resilience and growth momentum of ACI Worldwide. Teresinhawas born on July 14 1949, in Rio de Janeiro. ACI did not give an explicit reason for Odilon Almeidas departure from the CEO post. Previously served in management roles of increasing responsibility at BankBoston (now Bank of America), The Coca-Cola Company and Colgate-Palmolive, working in United States, Canada, Brazil and Mexico. Yes, this is Scott. Yes. This is a BETA experience. 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. Who is minor. On todays call we will discuss the companys second quarter 2022 results and ACIs financial outlook for the rest of the year. Rabobank, Colombias largest POS network and the top processor has expanded to include ACI Proactive Risk Manager in a cross-sell deal. Today's call is subject to safe harbor and forward-looking statements, like all of our events. It lets merchants offer goods and services directly to consumer smartphones using location, voice and image recognition technology. 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. On this mornings call is Odilon Almeida, our President and CEO; and Scott Behrens, our CFO. Mr Almeida is 60, he's been the Pres and CEO & Director of ACI Worldwide Inc since . We are pleased to deliver another quarter of results in line with guidance and consensus. Good morning and thank you for taking my questions. We expect 2022 to be an inflection point for ACI. Promise Odilon Almeida - President and CEO. We expect revenue growth to be in the mid-single digits on a constant currency basis or in the range of $1.415 billion to $1.435 billion, and we expect full year adjusted EBITDA of $400 million to $415 million. But what I can tell you is I've been spending a good amount of my time on many opportunities that we have. This is the bulk of it is all about next year. 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.