Thiago Rocha, Investor Relations Director
Company doubles bet on pension entities segment
Sinqia, provider of the most desired experience in financial technology in Brazil, announces today the signing of a Purchase and Sale Agreement for the acquisition of Atena Tecnologia Ltda. (“Atena”), the conclusion of which will be subject to certain conditions precedent agreed between the companies. The acquisition price is R$ 9.0 million, which may be increased by an additional installment of up to R$ 4.0 million, subject to the achievement of a target.
This is the 11th acquisition made by Sinqia and the 3rd in the market of supplementary pension entities, which operates plans for more than 7 million people and manages investments of more than R$ 800 billion, according to ABRAPP.
According to Thiago Rocha, Investor Relations Officer, this market will undergo intense transformations in the coming years. “The reform of the public system and the adoption of plans established in the private system will make the products offered by pension entities more attractive to millions of Brazilians. There will be a vertiginous growth, and social security entities will need more modern and robust software”, he says.
In this context, Sinqia decided to intensify the conversations for new acquisitions and accelerate the execution of R&D projects. “With Atena we are doubling the bet, never before has a Brazilian company invested so much to provide first-rate technology to pension funds”, emphasizes Rocha.
According to the executive, after the completion of the acquisition, Sinqia will offer an even more comprehensive web platform and have more than 60 pension entities and 150 employees in this area. “We will extend our leadership and make our customers even more comfortable. With us, they will be in good hands to face the technological challenges that will come”, he concludes.
This is the 11th acquisition made by Sinqia and the 3rd in the market of supplementary pension entities, which operates plans for more than 7 million people and manages investments of more than R$ 800 billion, according to ABRAPP.
According to Thiago Rocha, Investor Relations Officer, this market will undergo intense transformations in the coming years. “The reform of the public system and the adoption of plans established in the private system will make the products offered by pension entities more attractive to millions of Brazilians. There will be a vertiginous growth, and social security entities will need more modern and robust software”, he says.
In this context, Sinqia decided to intensify the conversations for new acquisitions and accelerate the execution of R&D projects. “With Atena we are doubling the bet, never before has a Brazilian company invested so much to provide first-rate technology to pension funds”, emphasizes Rocha.
According to the executive, after the completion of the acquisition, Sinqia will offer an even more comprehensive web platform and have more than 60 pension entities and 150 employees in this area. “We will extend our leadership and make our customers even more comfortable. With us, they will be in good hands to face the technological challenges that will come”, he concludes.
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