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First Data to acquire Brazil-based Software Express

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First Data to acquire Brazil-based Software Express

First Data Corp. agreed to acquire Software Express, a Brazil-based provider of electronic funds transfer solutions to more than 100,000 merchants.

Software Express will still independently support clients under its brand.

Gustavo Marin, executive vice president of First Data Latin America, said the two companies expect to process more than 15 billion transactions in Brazil in 2019.