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First Data buys Datawire Communication Networks
February 25, 2007
DENVER - First Data Corp. has acquired the assets of Datawire Communication Networks Inc., which specializes in Internet-based transaction delivery. Financial terms of the deal were not disclosed.
Datawire Communication Networks Inc. provides the Datawire VXN, a globally deployed transaction-delivery network. The VXN is built for moving transactions over the Internet and is fully managed by Datawire.
"The acquisition of Datawire helps First Data further its global lead and commitment to Internet protocol-based transactions," said Barry McCarthy, president of product innovation at First Data Commercial Services. "The Datawire VXN technology is an important and strategic complement to other recently announced proprietary products, including the FD-100 terminal and the First Data POS Value Exchange."
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