The company, founded in 2016, stands out for developing solutions for networks and franchises based on a modern and cloud-native technological architecture.
TOTVS (TOTS3), the largest technology company in Brazil, announces the acquisition of VarejOnline, a company specializing in management solutions for retail. With this move, TOTVS will take another step in building a complete portfolio of solutions for the retail segment, with Management software – including a new robust offering for chains and franchises – in addition to other Business Performance and Techfin solutions, thus driving the digitalization and transformation of retailers through the integration of cutting-edge technologies.
The amount to be paid for the entire share capital of VarejOnline is R$1,490,000. In addition, the agreement provides for a supplementary payment that is subject to the fulfillment of certain conditions. The closing of the transaction is subject to the approval of the competition authorities and the verification of other customary conditions.
“With this acquisition, we reinforce our commitment to expanding and strengthening our presence in the retail sector to meet the demands of different types of retail in an even more comprehensive manner,” explains Dennis Herszkowicz, CEO of TOTVS. “This move will allow us to make substantial progress in offering technology to franchises and chains, with solutions that have modern technological architecture and cloud-native 100%, a rare feature for the retail segment,” he explains.
Headquartered in Joinville, VarejOnline stands out for offering platforms that go beyond traditional Points of Sale (“POS”), including essential modules for optimizing all operational and administrative processes of retailers, with emphasis on operations with franchisees. In addition, it provides tools for attracting and retaining customers, which allows for a better understanding of the preferences and consumption behaviors of its audience.
Founded in 2016 by former executives from Microvix (a company acquired by Linx in 2011), the company has more than 100 professionals, more than 450 clients and around 3,000 POS throughout the country.
About TOTVS
An absolute leader in systems and platforms for companies, TOTVS has over 70 thousand clients. Going far beyond ERP, it offers complete technology for digitalizing businesses with a focus on 3 dimensions: Management, with systems to automate core business processes and the back office of operations; Techfin, offering personalized financial services through its systems; and Business Performance, with solutions for companies to sell more and grow. Over the last 5 years, the company has invested R$1.4 billion in research and development to provide increasingly specialized services to companies in 12 segments of the economy, becoming a trusted advisor to its clients. TOTVS is a technological powerhouse that supports the evolution of companies from the north to the south of the country. Brazil, which does, does with TOTVS. Learn more at: http://www.totvs.com.br/
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