San Jose, CA - March 01, 2005 - 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 PCCharge 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 organization can rely on one
trusted supplier to meet its needs for diverse payment solutions
in different environments," said VeriFone Chairman and CEO
Douglas G. 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 PCCharge payment solution enables businesses with
systems to process credit cards, ATM/debit cards and check
guarantee services on Windows-based PCs. RiTA Server is a
Java-based highly scalable transaction switch that supports
high-volume payment transactions.
About VeriFone, Inc.
VeriFone, Inc., a global leader in secure electronic payment
technologies, provides expertise, solutions and services for
today with a migration strategy for tomorrow. VeriFone delivers
solutions that add value to the point of sale, resulting in
improved merchant retention and the generation of new sources of
revenue for its partners and customers. VeriFone solutions are
specifically designed to meet the needs of vertical markets
including financial, retail, petroleum, government and
healthcare. VeriFone has shipped over eleven million electronic
payment systems since inception in 1981.