CPI Expands Proprietary Technology Platform with Acquisition of TRISM Business
Accelerates CPI’s digital growth strategy and increases market-leading instant issuance solution to over 3,000 financial institutions
CPITM (NASDAQ: PMTS), a payments technology leader providing a comprehensive range of physical and digital payment solutions, today announced it has acquired the TRISM on-premise instant issuance solution assets from HID Global Corporation (“HID”).
The acquisition expands CPI’s market leading position with financial institutions in the high-growth Software-as-a-Service (“SaaS”)-based instant issuance market and creates a new opportunity for expansion into larger financial institutions that require an on-premise solution. The transaction adds recurring revenue with an established base of multi-year customer relationships across the U.S. to CPI’s existing marketable base of customers. The acquired business is expected to accelerate CPI’s 2026 annual revenue growth in the Integrated Paytech (“IPT”) segment to approximately 20% and is expected to have a gross margin profile consistent with CPI’s IPT segment. Following the completion of one-time integration costs, management expects this acquisition to be accretive to Earnings Per Share approximately 12 months after the close date.
