First Data Acquires Software Express, Brazil’s Leading EFT Solution Provider
March 12 2019 - 6:45AM
Business Wire
Acquisition Leverages both Companies’ Payments
Industry Expertise in Brazil
First Data (NYSE: FDC), a global leader in
commerce-enabling technology and solutions, today announced that it
will acquire Software Express, a Brazilian-based leader in EFT
solutions.
Founded in 1986, 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.
Software Express is a well-known EFT brand in Brazil, providing
its solutions to more than 100,000 merchants. This acquisition will
enhance the position of the two companies on several fronts,
starting with becoming 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.
Henrique Ribeiro Filho, Software Express CEO, believes that the
deal will bring opportunities to expand and accelerate the growth
of Software Express, while reinforcing the culture of independent
support to its clients. “Software Express is accredited by all
acquirers and has a broad portfolio offering including EFT,
recharge servers for prepaid phones, front-end processor software,
and correspondent banking software, among other services,” he said.
“Our clients will now benefit from First Data’s global expertise
and knowledge, opening up additional possibilities for our clients,
partners and employees.”
According to Gustavo Marin, Executive Vice President of First
Data Latin America, the acquisition will be extremely positive for
both companies. “This deal positions First Data as a provider of
innovative and value-added solutions to retailers of all sizes,
payments institutions and financial institutions. We will be able
to expand the current Software Express portfolio within First
Data’s global platforms, and in 2019, the two companies expect to
process more than 15 billion transactions in Brazil,” said
Gustavo.
About First Data
First Data (NYSE: FDC) is a global leader in 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 helping companies, from start-ups
to the world’s largest corporations, conduct commerce every day by
securing and processing more than 3,000 transactions per second and
$2.6 trillion per year. For more information,
visit www.firstdata.com and follow us on Twitter at
@FirstData and LinkedIn.
About Software Express
100% Brazilian company founded in 1986 specializes in the
development of solutions for communication, routing, authorization
and reconciliation of financial transactions.
Market leader in the Electronic Funds Transfer (EFT) software
segment and recharge servers for prepaid phones, it processed over
11 billion transactions in 2018. It also operates in the
development of applications in portable terminals for correspondent
banking segments and transaction capture networks, as well as on
the customized solutions for its retail, acquirer and financial
institutions clients.
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version on businesswire.com: https://www.businesswire.com/news/home/20190312005383/en/
Michael SchneiderCommunicationsFirst Data212-515-0290
officeMichael.Schneider@firstdata.com
Peter PoillonInvestor RelationsFirst
Data212-266-3565Peter.Poillon@firstdata.com
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