Accelerates CPI’s digital growth strategy and increases market-leading instant issuance solution to over 3,000 financial institutions.
DENVER – (BUSINESS WIRE) – CPI, 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.
“This acquisition accelerates our strategy as a payments technology company growing our proprietary technology platform and our marketable base, providing a proven, integrated, on-premise solution for financial institutions,” said John Lowe, President and Chief Executive Officer of CPI. “By bringing this established issuance business into our portfolio, we deepen our relationships with financial institutions of all sizes, enhance our ability to support their evolving instant issuance needs, and grow the business.”
Key strategic benefits of acquisition to CPI:
- Expands the Proprietary Technology Platform: Enhances CPI’s platform by broadening the ability to deliver instant issuance software solutions across cloud and on-premise environments, while adding integrations that further extend CPI’s ecosystem and support customers with a unified and flexible solution.
- Grows the Marketable Base: Broadens new and existing customer relationships with financial institutions, increasing instant issuance scale and creating cross-selling opportunities for CPI’s broader business.
- Provides an Evolving Solution to a Higher-Growth, Sizeable Addressable Market: Estimated to double CPI’s total addressable market in instant issuance with an on-premise solution that enables access to mid-to-large financial institutions, further advancing CPI’s leadership position in a higher-growth market.
“HID has built a highly respected instant issuance platform, and we’re excited to see it continue to grow under CPI,” said Bjorn Lidefelt, Executive Vice President and Head of HID. “We believe CPI is the right home for the TRISM business, and we’re excited for its next chapter under their leadership.”
