Almaviva, an Italian leader in digital solutions and technological transformation, has just announced the acquisition of TIVIT, one of the leading Brazilian technology companies with a strong presence throughout Latin America, in a transaction with funds advised by Apax Partners LLP.
This merger will create a group with the capacity to accelerate innovation, maximize the reach of digital solutions and drive the growth of companies across a wide range of sectors in one of the most promising regions in the global market. Together, Almaviva and TIVIT bring complementary portfolios and offerings that will continue to support the success of their clients.
Since its acquisition by Apax Funds in 2010, TIVIT has expanded its presence in new markets, making several significant acquisitions, including Synapsis, a company operating in the IT services market in Latin America, and XMS, a company specializing in implementing cloud solutions also in Latin America. In 2016 and 2022, as part of its strategy to focus on digital solutions, TIVIT spun off two business units: Neobpo and Takoda. As a result of this repositioning, the company strengthened its board and attracted strategic talent for the areas of digital transformation, cybersecurity, cloud solutions and SAP.
“TIVIT has a solid track record and is present in the largest companies in the country. It is recognized for its technical capacity and in-depth knowledge of local markets. By integrating it into our ecosystem, we are taking an important step forward in consolidating Almaviva as one of the global leaders in digital transformation, with revenues exceeding R$12 billion,” says Marco Tripi, shareholder and CEO of Almaviva.
Operating in 10 countries in Latin America, TIVIT stands out for its robust portfolio of cloud solutions, cybersecurity management, digital platforms and managed services. Now, with the strategic support of Almaviva, the company is preparing to scale its operations even further, expanding the impact of its solutions worldwide.
“We are entering a new chapter. The arrival of Almaviva opens doors to even greater opportunities for growth and innovation. We are very excited about what we will build together,” says Paulo Freitas, CEO of TIVIT.
Sectors such as financial services, transportation, manufacturing, utilities, healthcare and government will directly benefit from the complementarity of portfolios and the new joint delivery capacity, combining local and international expertise with global scale.
“We are very proud to have been part of TIVIT’s journey, supporting its mission to strengthen the largest companies in Latin America through technology. Throughout this period, the Apax Funds have actively and strategically partnered with management to spin off divisions and acquire key companies to drive growth. It has been a privilege to work with TIVIT founder Luiz Mattar, Paulo Freitas and other members of the leadership team to scale and evolve TIVIT in this dynamic industry. We believe that this new chapter with Almaviva will create a number of opportunities to accelerate TIVIT’s growth,” said Jason Wright, partner at Apax.
The closing of the transaction is subject to compliance with the usual preconditions for transactions of this nature, including approval by regulatory bodies such as the Administrative Council for Economic Defense (CADE). Once completed, it will begin a new phase of joint growth between Almaviva and TIVIT, with direct benefits for their customers, partners and teams.
JP Morgan acted as financial advisor to Apax, and Mattos Filho and Skadden acted as legal advisors to Apax and TIVIT in the transaction. Benetti & Giammarino Advogados and LO Baptista Advogados acted as legal advisors to Almaviva.
