Business Wire·Jun 24, 2026, 10:01 AM ET

CPI Expands Proprietary Technology Platform with Acquisition of TRISM Business

CPI Card Group (NASDAQ: PMTS) acquired the TRISM on-premise instant issuance solution assets from HID Global Corporation to accelerate its digital growth strategy.
The acquisition expands CPI's market-leading position by adding an on-premise solution for larger financial institutions while enhancing its existing SaaS-based instant issuance offerings.
The deal adds recurring revenue from an established base of multi-year customer relationships across the U.S. to CPI's existing customer base.
Management expects the acquisition to accelerate 2026 annual revenue growth in the Integrated Paytech segment to approximately 20% with a gross margin profile consistent with the segment.
Following one-time integration costs, the transaction is expected to be accretive to Earnings Per Share approximately 12 months after the close date.
Key strategic benefits include broadening the proprietary technology platform to deliver solutions across both cloud and on-premise environments and doubling the total addressable market in instant issuance.
The all-cash transaction was completed on June 23, 2026, funded entirely by cash on hand without impacting CPI's net leverage or assuming any debt.
The deal includes transition service arrangements to support operational continuity while CPI integrates the business into its portfolio.