First Data’s Acquisition of Software Express Informática

Pinheiro Neto and Cescon, Barrieu, Flesch & Barreto advised on the deal

First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions, executed the acquisition of 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.

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.

Software Express is a 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.

Pinheiro Neto advised First Data with Leonardo Baptista Rodrigues Cruz (Picture), Ana Cristina do Val Fausto.

Cescon, Barrieu, Flesch & Barreto advised Software Express and the funding shareholders with a team including Joaquim Oliveira, Ana Carolina Passos, Renato Batiston, Fernando Pinto Xavier, Catarine Zamboni, Isabel Neves de Trigueros, Isabela Coelho, Luiz Di Sessa, Viviane Rodrigues and Maurício Fabbri.

Involved fees earner: Joaquim José Aceturi de Oliveira – Cescon, Barrieu, Flesch & Barreto; Ana Carolina Castro Reis Passos – Cescon, Barrieu, Flesch & Barreto; Catarine Cunegatti Zamboni – Cescon, Barrieu, Flesch & Barreto; Viviane de Azevedo Rodrigues – Cescon, Barrieu, Flesch & Barreto; Luiz Felipe di Sessa – Cescon, Barrieu, Flesch & Barreto; Mauricio Pestilla Fabbri – Cescon, Barrieu, Flesch & Barreto; Renato Reis Batiston – Cescon, Barrieu, Flesch & Barreto; Fernando Pinto Xavier Filho – Cescon, Barrieu, Flesch & Barreto; Ana Cristina do Val Fausto – Pinheiro Neto; Leonardo Baptista Rodrigues Cruz – Pinheiro Neto;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Pinheiro Neto;

Clients: First Data Corporation; Software Express Informática Ltda.;


Author: Ambrogio Visconti.