Thursday, July 13, 2006

First Data Buys Software Firm

Denver, Colorado-based First Data Corp., an electronic commerce payments firm, said yesterday that it has agreed to acquire Peace Software, a provider of software for managing utility billing and customer care. Terms of the acquisition were not disclosed. Peace Software's products are used by major utilities to manage billing operations. First Data provides electronic commerce and payment services, including merchant processing, authentication, Internet commerce, and money transfer services.