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Vantiv Announces Agreement to Acquire Paymetric

Builds upon Vantiv’s strategy to expand into high-growth channels and verticals

Increases Vantiv’s differentiated ecommerce capabilities

Positions Vantiv to capitalize on the rapidly-growing B2B payments vertical

Creates cross-selling opportunities for Paymetric and Vantiv

Vantiv, Inc. (NYSE: VNTV), a leading provider of payments processing services and related technology solutions for merchants and financial institutions, announced today its agreement to acquire Paymetric, a portfolio company of Francisco Partners.

Headquartered in Atlanta, Ga., Paymetric automates B2B payment workflows within enterprise systems, including SAP, Oracle, Hybris, Salesforce and more. Paymetric also tokenizes payments data within these systems in order to enable secure storage of customer information and history.

Card-based transactions are the fastest growing segment within the $30 trillion B2B payments vertical, whether acquired through the web, a mobile device or a customer service center. Yet nearly 70% of companies lack the back-office capabilities and systems integration necessary to efficiently accept these transactions. By integrating leading ERP and CRM systems with robust payments capabilities, Paymetric helps the world’s most recognized companies optimize workflows, save time and reduce costs.

“Acquiring Paymetric builds upon our strategy to expand into high-growth channels and verticals,” said Charles Drucker, president and chief executive officer of Vantiv. “Paymetric’s deep system integration and workflow automation expertise will enhance our already-leading ecommerce technology capabilities. Paymetric’s B2B focus will also enable us to enter this fast-growing vertical in a unique and differentiated way. I am pleased to welcome Paymetric’s employees to the Vantiv team, and I am excited about all of the great things that we will be able to do together.”

The acquisition of Paymetric is consistent with Vantiv’s M&A strategy to leverage its platform and expand and diversify the channels and clients it serves. Litle & Co. provided Vantiv with leading technology in the ecommerce space, Mercury solidified it as a leader for the integrated payments channel, and now Paymetric adds to this by strengthening Vantiv’s capabilities and position in a high-growth ecommerce category, B2B card payments.

“By becoming part of Vantiv, we will be able to accelerate the development of our advanced payments integration and security solutions,” said Asif Ramji, president and chief executive officer of Paymetric. “Together, Paymetric and Vantiv will now both be able to offer an expanded suite of services to our clients and partners. We are excited to become part of Vantiv.”

“Where Asif and the team at Paymetric have taken the business over the past several years is truly exceptional,” said Peter Christodoulo, partner at Francisco Partners. “Paymetric has become the clear leader in providing critical electronic payments infrastructure and security into enterprise environments, and we are proud to have helped play a role in building this enduring platform. We wish the team continued success as part of Vantiv, where we know they will continue to do great things.”

The transaction is expected to close during the second quarter of 2017, subject to required U.S. antitrust clearance and other customary closing conditions. Financial terms were not disclosed.

Credit Suisse acted as the exclusive financial advisor to Vantiv, and Benesch served as its legal advisor. William Blair & Company acted as the exclusive financial advisor and Kirkland & Ellis LLP acted as legal advisor to Paymetric.

About Paymetric
Paymetric, Inc. is the global leader in integrated and secure electronic payment solutions for the enterprise to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric is a recognized industry leader with award-winning solutions and world-class client service. For more information, visit paymetric.com

About Francisco Partners
Francisco Partners is a leading global private equity firm, which specializes in investments in technology businesses. Since its launch over 17 years ago, Francisco Partners has raised over USD 10 billion in capital and invested in nearly 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep knowledge and operational expertise can help companies realize their full potential.

About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the second largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high-growth channels and verticals, including integrated payments, eCommerce, and merchant bank. Visit us at www.vantiv.com, or follow us on Twitter, Facebook, LinkedIn, Google+ and YouTube. © 2017 Vantiv, LLC. All Rights Reserved. All trademarks, service marks and trade names referenced herein are the property of their respective owners. Vantiv and other Vantiv products and services mentioned herein as well as their respective logos are registered trademarks or trademarks of Vantiv, LLC in the U.S. and other countries.

Non-GAAP and Pro Forma Financial Measures
This earnings release presents non-GAAP and pro forma financial information including net revenue, adjusted EBITDA, pro forma adjusted net income, and pro forma adjusted net income per share. These are important financial performance measures for the company, but are not financial measures as defined by GAAP. The presentation of this financial information is not intended to be considered in isolation of or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The company uses these non-GAAP and pro forma financial performance measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The company believes that they provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. Reconciliations of these measures to the most directly comparable GAAP financial measures are presented in the attached schedules.

Forward-Looking Statements
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The forward-looking statements contained in this release are based on assumptions that we have made in light of our industry experience and our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you review and consider information presented herein, you should understand that these statements are not guarantees of future performance or results. They depend upon future events and are subject to risks, uncertainties (many of which are beyond our control) and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual future performance or results and cause them to differ materially from those anticipated in the forward-looking statements. Certain of these factors and other risks are discussed in the company's filings with the U.S. Securities and Exchange Commission (the “SEC”) and include, but are not limited to: (i) our ability to adapt to developments and change in our industry; (ii) competition; (iii) unauthorized disclosure of data or security breaches; (iv) systems failures or interruptions; (v) our ability to expand our market share or enter new markets; (vi) our ability to identify and complete acquisitions, joint ventures and partnerships; (vii) failure to comply with applicable requirements of Visa, MasterCard or other payment networks or changes in those requirements; (viii) our ability to pass along fee increases; (ix) termination of sponsorship or clearing services; (x) loss of clients or referral partners; (xi) reductions in overall consumer, business and government spending; (xii) fraud by merchants or others; (xiii) a decline in the use of credit, debit or prepaid cards; (xiv) consolidation in the banking and retail industries; (xv) the effects of governmental regulation or changes in laws; and (xvi) outcomes of future litigation or investigations. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect, our actual results may vary in material respects from those projected in these forward-looking statements. More information on potential factors that could affect the company’s financial results and performance is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s periodic reports filed with the SEC, including the company’s most recently filed Annual Report on Form 10-K and its subsequent filings with the SEC.

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Contacts
Investors
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Investor Relations
(866) 254-4811
(513) 900-4811
IR@vantiv.com

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Corporate Communications & External Affairs
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