Totvs pronounces acquisition of software program firm Feedz for BRL 66 million
- September 2, 2022
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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