Hypercom Corporation (NYSE: HYC) today announced that Cielo S.A. (formerly Visanet Brasil), has selected, purchased and is deploying 30,000 Hypercom Optimum T4205 countertop terminals to merchants throughout Brazil.
The multi-million dollar rollout is believed to represent one of the largest in the country, and represents a significant expansion of Hypercom's high security product portfolio in Brazil. The rollout is expected to be completed by the end of this month.
"Cielo S.A. is one of the largest electronic payment networks in Latin America and one of the five largest in the world. Their selection of Hypercom significantly expands our footprint in Brazil and speaks to the quality of our company and products," said Reinaldo Assis, Managing Director, South America, Hypercom Corporation.