Tuesday, May 13, 2014

Mercury Payment Systems Acquired By Vantiv For $1.65 Billion

Durango, Colorado-based Mercury Payment Systems, the provider of payment processing services, has been acquired by Vantiv, in a deal worth $1.65 billion, the companies said late Monday. Mercury Payment Systems was owned by private equity firm Silver Lake. Mercury had recently filed for an IPO. Vantiv is a competing provider of payment processing systems for merchants. Vantiv said the deal will accelerate its growth in the integrated payments area.