VeriFone completes Go Software acquisition

Source: VeriFone

VeriFone, Inc., the leading provider of payment solutions, today announced that it has completed the acquisition of the assets of GO Software from Return On Investment Corporation. The acquisition agreement was announced Dec. 6, 2004.

The GO Software acquisition expands VeriFone's electronic payment transactions and value-added services offerings with PC and server-based solutions, including PC Charge and RiTA Server. The PC-based point of sale payment processing software has an installed base of 150,000 businesses.

"VeriFone is focused on broadening our presence at the point-of-sale such that any merchant organisation can rely on one trusted supplier to meet its needs for diverse payment solutions in different environments," said VeriFone Chairman and CEO Douglas Bergeron. "We welcome GO Software employees into the VeriFone family and look forward to leveraging their expertise."

GO Software products and employees will be integrated into VeriFone, enabling the company to market payment processing software to operate on virtually any platform, including: Windows, Unix, Linux, AIX, OS/390, OS/400, and Sun Solaris. The flagship PC Charge payment solution enables businesses with systems to process credit cards, ATM/debit cards and cheque guarantee services on Windows-based PCs. RiTA Server is a Java-based highly scalable transaction switch that supports high-volume payment transactions.

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