Santa Ana-based Meritus Payment Solutions agreed to be acquired for $210 million by Optimal Payments PLC, an online payment services provider with headquarters in London.
Optimal Payments said it’s putting up $150 million in cash and $60 million in shares of its common stock.
Meritus provides various payment services, including credit card and gift card processing, mobile payments and telephone orders.
It had $74.4 million in 2013 revenue, up 94% year-over-year. Profit before tax was $1.1 million last year, up about 57%. The Business Journal ranked it No. 4 on its 2011 list of the fastest-growing private companies based in Orange County.
Optimal Payments is also in a deal for Los Angeles-based Global Merchant Advisors Inc. for $15 million.
