SÃO PAULO & NEW YORK--(BUSINESS WIRE)--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.