Totvs acquires SaaS firm

Summary:Brazilian ERP company goes shopping again

Brazilian software firm Totvs has boosted its cloud capabilities with the acquisition of software-as-a-service (SaaS) company Virtual Age for an undisclosed sum.

Virtual Age is based in the southern state of Paraná and is focused on the provision of platforms for the textile and clothing sectors, with niche systems that cover the entire supply chain process of textile and clothes production all the way to the retail stage.

The company's SaaS offering represents about 81 per cent of Virtual Age's revenue, which is expected to hit R$29m ($13m) in 2014. Virtual Age is also considered innovative for being one of the first Brazilian vendors to be able to integrate RFID functionality to ERP systems.

Virtual Age's buyer, Totvs, is the Brazilian equivalent of SAP and has surpassed the German software giant in Brazil within the small and medium enterprise market for ERP systems.

Totvs has been either acquiring or funding companies that can add value to its business such as big data analytics and cloud applications firm Good Data, which has received a $22m series D funding from the Brazilian company last year.

Topics: Enterprise Software, Business Intelligence, Cloud, SAP, Software

About

Angelica Mari is ZDNet's Brazil Contributing Editor. She has relocated to Brazil, her home country, in 2011 after living and working in Europe for a decade. She started her professional life when she was 14, as a software trainer coaching executives at major Brazilian companies until the age of 17, when she started writing professionally.... Full Bio

Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.