Fiserv Acquires Skytef And Broadens Network Of Strategic Partners In Brazil To More Than 1,000
Portfolio Pulse from Benzinga Newsdesk
Fiserv, Inc. (NYSE:FI) has announced the acquisition of Skytef, a primary distributor of Software Express's SiTef® in Brazil. The acquisition strengthens Fiserv's distribution network in the country, adding relationships with more than 600 ISV partners and approximately 27,000 merchants. The move also expands Fiserv's capacity to support large clients with complex after-sales demands and broadens its network of strategic partners in Brazil to more than 1,000.
October 11, 2023 | 1:48 pm
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Fiserv's acquisition of Skytef strengthens its position in Brazil, adding significant new partnerships and merchants. This could potentially increase Fiserv's revenue and market share in the region.
The acquisition of Skytef allows Fiserv to significantly expand its distribution network in Brazil, a key emerging market. This could lead to increased revenue and market share for Fiserv in the region, positively impacting its stock price.
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