Vantiv Completes Acquisition of Mercury Payment Systems
CINCINNATI, OH and DURANGO, CO – Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced that it has completed its acquisition of Mercury Payment Systems, LLC from Silver Lake. Mercury is a payment technology and service leader whose solutions are embedded into point-of-sale software applications and brought to market through their dealer and developer partners. Vantiv paid approximately $1.65 billion in cash to acquire Mercury.
“Today represents a major milestone in Vantiv’s strategic growth and expansion,” said Charles Drucker, chief executive officer of Vantiv. “Bringing together the strengths of our respective companies will dramatically enhance our distribution and technology capabilities to serve a number of large and growing industry verticals. We are pleased to welcome Mercury’s impressive team, their channel partners and their valued customers to the Vantiv family.”
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