P&H Solutions

In 1983, long before the dot-com boom, P&H Solutions was founded with a focus on financial software. The company carved out a specific niche for itself, developing web-based cash management products for financial institutions. It quietly built a strong reputation, becoming a key vendor for enterprise business banking solutions. By the mid-2000s, P&H was an industry leader. Under the leadership of its then President and CEO, Ralph Dangelmaier, the company served an impressive roster of clients, including 12 of the top 25 banks in the United States. This success did not go unnoticed. A significant turning point came in the fall of 2006. On October 3rd, P&H Solutions was acquired by Transaction Systems Architects Inc. (TSA), now known as ACI Worldwide, a major player in electronic payment software. The all-cash deal was valued at $150 million. The acquisition was a strategic move for TSA, aiming to integrate P&H's web-based banking platform to strengthen its own wholesale payment offerings and expand its global reach.