VeriFone Completes Acquisition of GO Software

Company news  |  March 1, 2005

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.

Leah Roscoe
VeriFone, Inc.