First Data (NYSE: FDC), a global provider of commerce-enabling technology and solutions, is to acquire Software Express, a Brazil-based provider of EFT solutions.
The amount of the deal was not disclosed.
This acquisition will enhance the position of the two companies on will allow them to become the combined leader in electronic payments transactions and supporting all sizes of retail clients, cards schemes, financial institutions and telecoms. Software Express will continue to independently support its clients under its brand.
Founded in 1986 and led by Henrique Ribeiro Filho, CEO, Software Express provides technology solutions to merchants of different sizes, including multi-acquirer EFT, multi-acquirer EFT POS, reconciliation, a payments gateway, and automated recurring payments, among other products.
A well-known EFT brand in Brazil, the company is currently providing its solutions to more than 100,000 merchants.
First Data (NYSE: FDC) provides commerce-enabling technology and solutions, serving approximately six million business locations and more than 3,700 financial institutions in more than 100 countries around the world. The company’s 19,000 owner-associates are dedicated to enabling companies, from startups to large corporations to conduct commerce every day.