M&A Deal Summary

Snorrason Holdings ehf Acquires CCNow

On January 3, 2013, Snorrason Holdings ehf acquired e-commerce company CCNow from Digital River

Acquisition Highlights
  • This is Snorrason Holdings ehf’s 1st transaction in the E-Commerce sector.
  • This is Snorrason Holdings ehf’s 1st transaction in the United States.
  • This is Snorrason Holdings ehf’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2013-01-03
Target CCNow
Sector E-Commerce
Buyer(s) Snorrason Holdings ehf
Sellers(s) Digital River
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Snorrason Holdings ehf

Dalvik, Iceland
Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

Snorrason Holdings ehf is a provider of online payment processing services.

DEAL STATS #
Overall 1 of 1
Sector (E-Commerce) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

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 1 of 4
Sector (E-Commerce) 1 of 1
Type (Divestiture) 1 of 4
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-24 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.

Buy $103M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Beanstream Internet Commerce

Victoria, British Columbia, Canada

Beanstream Internet Commerce, Inc. is a provider of payment, risk management and authentication solutions to companies and institutions.

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