View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
September 25, 2012

Digital River to buy LML Payment Systems for $102.8m

The acquisition will allow Digital River to broaden its online payment services to businesses of all sizes

By CBR Staff Writer

Cloud commerce company Digital River has signed an agreement to acquire electronic payment processing, risk management and authentication services provider LML Payment Systems for $102.8m.

The acquisition will allow Digital River to further capitalise on its online payment processing and broaden its online payment services to businesses of all sizes, the company said.

With the acquisition, Digital River intends to leverage LML Payment Systems’ ecosystem of banking, merchant, reseller and developer relationships to expand its Digital River World Payments application

In addition, Digital River can also extend LML Payment Systems’ white- label channel application and mobile payments application.

Digital River CEO Joel Ronning said: "Our joint technologies and expert resources will create even more value for our combined client bases – helping them reduce time to market and providing access to new payments technologies and geographies."

LML Payment Systems intends to access Digital River’s broad portfolio of global payment methods to offer its clients a wider selection of international payment options and more opportunities to expand their online businesses worldwide.

Cloud commerce company will acquire LML Payment Systems in an all cash transaction valued at $3.45 per share or an aggregate purchase price of approximately $102.8m.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

The transaction is expected to close during the fourth quarter in 2012 or the first quarter in 2013.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU