In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. 1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. Payment systems are one of basic elements of infrastructure of e-commerce. One of the common kinds of money transfer is a transfer via the international system of Western Union. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - Sibley, the founder of Western Union, did not build a new telegraph lines, and persuaded the other players to join. American Telegraph Company, however, still had to buy it.