Fit Sistemas has been acquired by Sovos
The shareholders of Fit Sistemas have sold the company to Sovos.
Founded in 2004 in Ribeirão Preto, Fit Sistemas is one of the main developers of tax compliance SaaS solutions in Brazil, focusing on regulatory reporting and electronic invoices for various sectors of the economy. Fit Sistemas serves more than 300 customers, in addition to having partnerships with the largest ERP companies operating in the Brazilian market. It currently operates in two locations, São Paulo and Ribeirão Preto, and has more than 30 specialized employees.
Sovos is a leading US global company in solutions for digital transformation related to tax and tax determination, continuous transaction control and tax reporting. The company supports more than 12,000 customers, including half of the Fortune 500 companies, and operates in more than 70 countries.
One of Oaklins’ teams in Brazil acted as lead advisor to the seller and the management of Fit Sistemas in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.
Zuza de Carvalho
Founding Partner, Fit Sistemas
Talk to the deal team
Denis Salvador Morante
Oaklins Fortezza Partners
Related deals
Advipro has been acquired by Normec
Pentahold, an independent Belgian private equity firm, has sold Advipro to Normec.
Learn moreTet has acquired Telia Latvija from Telia Company
Tet, the leading technology and entertainment operator in Latvia, has acquired Telia Latvija – a B2B telecom services provider – from Telia Company in a competitive auction process. The sale price corresponds to an enterprise value of US$11.5 million on a cash and debt free basis, representing a FY 2021 EV/EBITDA multiple of 10.0x.
Learn moreSkelia SARL has been sold to Nortal AS
Skelia SARL has been acquired by Nortal AS. Following the acquisition, Skelia’s strong presence in Ukraine and Poland will provide Nortal with a solid platform for growth. Together, the parties will be able to expand their business across geographies and time zones, sharpening their customer offering and creating additional opportunities for their global employee pool.
Learn more