The acquisition reinforces the company's HR portfolio with engagement, performance and organizational climate solutions
TOTVS, Brazil's largest technology company, announces the acquisition of Feedz, a Brazilian HR Tech specializing in subscription solutions for engagement, performance and organizational climate. The move expands the company's already robust portfolio of HR solutions and accelerates its strategy of building a complete ecosystem of B2B technologies. The transaction for the shares representing 60% of Feedz's capital was R＄66 million reais. Additionally, the contract provides for the payment of an additional purchase price, subject to compliance with certain conditions.
“Feedz arrives to strengthen the portfolio of TOTVS solutions focused on HR management that go far beyond the transactional and that make the employee's journey possible, focused on the evolution, protagonism and autonomy of each professional. TOTVS reinforces its position as one of the main Brazilian technology companies to deliver the entire employee's journey in a digital and integrated way, offering automation, intelligence and productivity for HR strategies", explains Gustavo Bastos, Vice President of Platforms at TOTVS. 
The Santa Catarina company founded in 2018 offers a complete platform to increase employee engagement and performance. Today, Feedz already impacts 1,000 customers, with 150,000 users throughout Brazil and 140 employees. Among the main tools are Performance Management, with personalized reports and OKR (objectives and targets), which allows transparent management of objectives. In addition, the tool also promotes Engagement Management, with tools such as Pulse Organizational Climate Survey, Feedback, 1on1, PDIs, Emotional Thermometer, eNPS, all gamified. The company's purpose is to create happier work environments and it proposes to do this through more humane and efficient management.
“The market recognizes TOTVS as a reference company in technology for HR and we are happy to be part of this ecosystem, complementing different offers and having access to a unique distribution channel, in addition to a base of more than 70 thousand potential customers. We are excited about this opportunity”, says Bruno Soares, CEO and co-founder of Feedz.
“We have closely followed the transformation and sophistication of the HR market over the last few years and invested a lot to offer solutions that meet the new demands of this area” comments Robson Campos, Director of HR Products at TOTVS. “The arrival of Feedz comes to add and help consolidate TOTVS as the absolute trusted advisor in HR platforms, enabling a more strategic, human and digital management of people”, adds Campos.
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