Totvs pronounces acquisition of software program firm Feedz for BRL 66 million

Totvs pronounces acquisition of software program firm Feedz for BRL 66 million

With the acquisition of Feedz, Totvs says it expands its portfolio of solutions aimed at human resources management

Totvs announced this Thursday the acquisition of a 60% stake in Feedz, a company that develops performance management and human resources software, for R$66 million.

According to the company, the contract provides for the acquisition of the remaining 40% stake in Feedz during the first half of 2025, with a price to be decided between the companies in the future.

Feedz was founded in 2018 and currently has around 140 employees and over a thousand customers. The company had triple-digit growth in net revenue in the last two years, with annualized gross revenue of R$ 22 million in the period.

With the acquisition of Feedz, Totvs says it expands its portfolio of solutions aimed at managing human resources, delivering a platform capable of delivering digitally and integrated to the needs of its customers.

Source: Valor Investe

Related post

E-commerces transfer R$231 million with year-end festivities

E-commerces transfer R$231 million with year-end festivities

The revenue of small and medium online businesses grew by around 30% with year-end sales, accounting for R$231 million from December…
Fintech waste assortment within the periphery raises R$ 10 million with a fund from the Solví Group

Fintech waste assortment within the periphery raises R$ 10…

The startup must expand the business model and enter other areas. It is in negotiations with city halls with city halls,…
The digital nomad who began an organization whereas touring around the globe

The digital nomad who began an organization whereas touring…

Erin Carey, Founder of Roam Generation, Built Her Communications Company While Navigating the World Before the pandemic, the term digital nomad…

Leave a Reply

Your email address will not be published. Required fields are marked *