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First Data Acquires Vigo Remittance - Brazilian Market

HISPANIC PR- First Data Corp. a global leader in electronic commerce and payment services, today announced that it has completed the acquisition of Vigo Remittance Corp., a provider of electronic money transfer throughout the world.

Vigo was founded nearly 20 years ago to provide money transfer services to Brazilian consumers living in New York City and Newark, N.J., and has successfully expanded to serve 50 countries worldwide. In 2003, Mario Trujillo, in partnership with Great Hill Partners, acquired Vigo and proceeded to improve and grow Vigo's profitability and business efficiencies. Vigo operates through more than 4,000 send locations from across the U.S. and more than 48,000 payment locations throughout the world, primarily in the Latin American and Caribbean regions. In 2004, Vigo processed approximately eight million transactions.

Hispanic Market October 25, 2005 10:03 AM | Business | Real Estate | Entrepreneur

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