CPI Card Group has acquired the TRISM on-premise instant issuance solution assets from HID Global, strengthening its position in the growing instant issuance payments market. The acquisition expands CPI’s capabilities beyond its existing SaaS-based offerings by adding an established on-premise solution designed for larger financial institutions. The deal brings a recurring revenue stream supported by long-term customer relationships across the U.S. and is expected to accelerate annual revenue growth in CPI’s Integrated Paytech (IPT) segment to approximately 20% in 2026. The company also anticipates the acquisition will become accretive to earnings per share within about 12 months after integration.
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“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.” Strategically, the acquisition broadens CPI’s technology platform across cloud and on-premise environments, expands its customer base, and is expected to nearly double its total addressable market in instant issuance by enabling access to mid-sized and large financial institutions. The all-cash transaction was completed on June 23, 2026, using existing cash reserves and is not expected to impact CPI’s leverage position.
