M&A Deal Summary

Digital River Acquires LML Payment Systems

On September 24, 2012, Digital River acquired information technology company LML Payment Systems for 103M USD

Acquisition Highlights
  • This is Digital River’s 1st transaction in the Information Technology sector.
  • This is Digital River’s largest (disclosed) transaction.
  • This is Digital River’s 1st transaction in Canada.
  • This is Digital River’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2012-09-24
Target LML Payment Systems
Sector Information Technology
Buyer(s) Digital River
Deal Type Add-on Acquisition
Deal Value 103M USD
Advisor(s) William Blair (Financial)

Target

LML Payment Systems

Vancouver, British Columbia, Canada
LML Payment Systems Inc., through its Canadian subsidiary Beanstream Internet Commerce Inc., and US subsidiaries Beanstream Internet Commerce Corp and LML Payment Systems Corp., is a leading provider of financial payment processing solutions for e-commerce and traditional businesses. The company provides credit card processing, online debit, electronic funds transfer, automated clearinghouse payment processing and authentication services, along with routing of selected transactions to third party processors and banks for authorization and settlement.

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Buyer(S) 1

Buyer

Digital River

Minnetonka, Minnesota, United States
Category Company
Founded 1994
Sector Internet Software and Services
Employees1,317
Revenue 390M USD (2013)
DESCRIPTION

Digital River is an online business for software and game publishers, consumer electronics manufacturers, distributors, online retailers, and affiliates. Its multi-channel commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running a global commerce operation. Digital River was founded in 1994 and is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 10 of 10
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 JourneyEd.com

Plano, Texas, United States

JourneyEd.com, Inc. is a software marketer and reseller for students, faculty, staff, educational institutions, and public school districts in the Unites States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 CCNow

Minnetonka, Minnesota, United States

CCNow, Inc. is a provider of online retail services. The Company was formed in 1996 and is based in Minnetonka, Minnesota.

Sell -
Mergr

Product

Company

Legal