Cielo S.A.

Cielo S.A.
Cielo S.A.
Type Sociedade Anônima
Traded as BM&F Bovespa:CIEL3
Industry Financial services
Founded (1997)
Headquarters Barueri, Brazil
Key people Romulo de Melo Dias, (CEO)
Products Payment systems
Revenue increase US$ 2.5 Billion (2010)
Net income increase US$ 1.1 Billion (2010)
Employees 1.174
Website www.cielo.com.br

Cielo (BM&F Bovespa:CIEL3) is the largest Brazilian credit and debit card operator. Cielo is the biggest payment system company in Latin America by revenue and market value.

History

Companhia Brasileira de Meios de Pagamento (Brazilian Company of Means of Payment), dba VisaNet, was founded in 1995 as a joint-venture between Visa International and the banks Bradesco, Santander, Real (currently Banco Santander Brasil), Banco do Brasil and the now defunct Banco Nacional. Its purpose was to create a common infrastructure to be used by all banks issuing Visa cards, instead of each bank having a separate technological solution to process credit card transactions[1].

In July 1, 2010 VisaNet was renamed Cielo and was no longer the only processor of Visa cards in Brasil, following a regulation by the Brazilian government. Its main competitor, Redecard, was now allowed to process Visa cards, and Cielo was allowed to process MasterCard, Diners Club and other cards which were only processed by Redecard.[2].

IPO

VisaNet debuted on the São Paulo Stock Exchange on June 29, 2010 listed in Novo Mercado. It was the second largest IPO in the history of Bovespa, only behind Banco Santander Brasil. The company raised the equivalent of R$ 8.397 billion or US$ 4.428 billion through the sale of 559.8 million ordinary shares, 41% of the shares of the company.

References

  1. ^ "History" on Cielo's website (in portuguese)
  2. ^ "Card operators to unify terminals as of today" in Folha de São Paulo July 1, 2010
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  • cielo — (Del lat. caelum). 1. m. Esfera aparente azul y diáfana que rodea la Tierra. 2. atmósfera (ǁ que rodea la Tierra). 3. Dios o su Providencia. U. t. en pl. con el mismo significado que en sing. ¡Valedme, cielos! 4. Parte superior que cubre algunas… …   Diccionario de la lengua española

  • cielo — sustantivo masculino 1. (no contable) Firmamento, espacio que rodea a la Tierra y en el que se mueven los astros: Las estrellas y la Luna se ven en el cielo. El cielo está estrellado. 2. Atmósfera, capa de gases que rodea a la Tierra: un cielo… …   Diccionario Salamanca de la Lengua Española

  • cielo — / tʃɛlo/ s.m. [lat. caelum ; in grafia tarda coelum ]. 1. [la volta emisferica che sembra limitare verso l alto la nostra visione, di colore azzurro di giorno e scuro di notte] ▶◀ (lett.) empireo, (poet.) etere, (poet.) etra, firmamento, (lett.)… …   Enciclopedia Italiana

  • Cielo — (Spanish/Italian for heaven or sky ) may refer to: César Cielo, a Brazilian freestyle swimmer Cielo (company), a distributor and manufacturer of frozen yogurt Cielo (computer), a supercomputer located at Los Alamos National Laboratory Cielo (TV… …   Wikipedia

  • Cielo — Dates clés (1995) : Création Personnages clés Romulo de Melo Dias CEO Forme juridique Public (Bovespa …   Wikipédia en Français

  • Cielo II — (Мастиано,Италия) Категория отеля: Адрес: 55100 Мастиано, Италия Описани …   Каталог отелей

  • Cielo — (Сан Джиминьяно,Италия) Категория отеля: Адрес: 53037 Сан Джиминьяно, Италия …   Каталог отелей

  • Cielo — (Del lat. caelum.) ► sustantivo masculino 1 ASTRONOMÍA Espacio que rodea la Tierra: ■ se levantaron las nubes y en el cielo brillaba el sol. SINÓNIMO firmamento 2 Parte superior que cubre algunas cosas. SINÓNIMO cubierta 3 Apelativo cariñoso: ■… …   Enciclopedia Universal

  • cielo — ciè·lo s.m. 1. FO vuoto al di sopra della superficie terrestre che, visto dalla terra, appare come una volta limitata dall orizzonte in cui sembrano muoversi gli astri: il sole è alto nel cielo, di notte in cielo si vedono le stelle, la volta del …   Dizionario italiano

  • cielo — s m I. 1 Espacio que se ve desde la tierra hacia arriba, de color azul cuando es de día y no hay nubes, y negro por la noche, en donde están el Sol, la Luna y las estrellas: nublarse el cielo, cielo azul, cielo encapotado 2 A cielo abierto Al… …   Español en México

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