Vantiv Inc. has completed its purchase of the e-commerce payment processor Litle & Co.
Vantiv, a Cincinnati company that changed its name last year from Fifth Third Processing, paid $361 million for Litle, which will continue to have headquarters in Lowell, Mass.
"This is an exciting day as it marks an important step in Vantiv's growth and expansion," Charles Drucker, Vantiv president and CEO, said in a press release Dec. 3. "Our newly combined companies and our expanded solutions will provide even more value to our clients."
The acquisition improves Vantiv's offerings in e-commerce and gives it a more diverse customer base, Vantiv said in the release. Vantiv can now offer point of sale, e-commerce and direct-response payment processing to its clients.