First Data Corp. successfully acquires Peace Software

Peace headquarters

Denver, CO, USA — (METERING.COM) — August 20, 2006 – First Data Corp., a provider of electronic payment solutions worldwide, has today announced that it has completed its acquisition of Peace Software, a utility CIS software provider that develops advanced products for the global utilities market.

First Data says the acquisition will allow it to offer a proven, best-in-class global CIS platform that will serve as the cornerstone of First Data’s integrated solution suite for this specialised market.

President of First Data Utilities, Sebastian J. Gunningham, said: “We believe that the joining of our two companies will result in a compelling value proposition to the worldwide utilities market. We welcome the investment in the Peace CIS and we are excited to move forward with the delivery of innovative and flexible products and services to our clients.”