Worldline announces the completion of the acquisition of Digital River World Payments
Bezons, October 18, 2017 - Worldline [Euronext: WLN], the European leader in the payments and transactional services industry, today announces the completion of the agreement to acquire 100 percent of the share capital of Digital River World Payments (DRWP), a leading online global payment service provider from Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions.
Founded in 1997 and headquartered in Stockholm, Sweden, DRWP is a subsidiary of Digital River and employs approximately 120 employees worldwide. With global payment gateway, multi-acquiring and collecting services under one roof, DRWP delivers comprehensive online payment acceptance and optimization solutions for leading enterprise brands, spanning a variety of industries, including travel, retail, direct selling and digital goods. DRWP's global platform and large geographical footprint support international payment schemes and currencies across 175 countries, a wide range of local payment brands and methods, and more than 40 acquiring bank connections. With its global reach, and positioning as a PSP and collector, DRWP is a strong complement to Worldline's existing and proven SIPS [1] gateway.
Through the acquisition of DRWP, Worldline increases its internet payment capabilities, notably with online payment collecting services, and gains access to a client base composed of tier one merchants. Worldline also expands its global reach to new geographies (USA, Brazil and Sweden).
With this acquisition, Worldline is today in a unique position to deliver the next generation of payment services for the digital commerce market.
DRWP will be consolidated in the Merchant Services division of Worldline from November 1st, 2017.
Raymond James served as the financial advisor to Digital River for this transaction.
Contacts
Worldline Investor Relations Contact David Pierre-Kahn Email: David.pierre-kahn@worldline.com
Worldline Communication Contact Sandrine van der Ghinst Email: sandrine.vanderghinst@worldline.com
Worldline Press Contact Teamfluence : Tiphaine Hecketsweiler Email: th@teamfluence.eu
About Worldline
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with over 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services, Mobility & e-Transactional Services, Financial Services including equensWorldline. Worldline employs more than 8,700 people worldwide, with estimated pro forma revenue of more than € 1.5 billion on a yearly basis. Worldline is an Atos company. www.worldline.com
About Digital River World Payments
Backed by nearly 20 years of experience, Digital River World Payments (DRWP) is a leading provider of global online payment solutions. Powered by a robust ecommerce payments platform, its solutions support payment activities across more than 170 countries and 140 payment methods - covering global card schemes along with locally relevant brands and payment networks. DRWP delivers significant value across the full transaction lifecycle while empowering merchants with a single streamlined user interface. Irrespective of their markets, payment methods, or acquiring bank connections, merchants benefit from consolidated reporting, analytics, and reconciliation as well as complete back-office integration. To learn more about DRWP, visit http://www.drwp.io/ .
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[1] Secured Internet Payment Solution
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