Digital River acquires LML Payment Systems

Expanding its online payment services

Digital River, a provider of e-commerce solutions, has signed a definitive agreement whereby it will acquire LML Payment Systems, a provider of electronic payment processing services (view press release). The purchase price is estimated at USD102.8 million. Digital River claims the deal will allow it to broaden its online payment services to business of all sizes, by utilising LML Payment Systems’ ecosystem of banking, merchant, reseller and developer relationships.

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.

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