STNE - First Data To Acquire Software Express For Brazilian Payments Market Growth
Quick Take
First Data (FDC) announced it has agreed to acquire Software Express for an undisclosed amount.
Software Express operates as an electronic funds transfer [EFT] solutions provider in Brazil.
With the deal, FDC seeks to increase its footprint in a growing Brazilian market, but capable competitors abound in the market and the combination will need to prove its marketing and operations efficiencies if it is to succeed.
Target Company
Sao Paulo, Brazil-based Software Express was founded in 1986 to provide EFT solutions to Brazilian businesses. The company serves over 100,000 merchants and