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.

Service

M&A sell-side

Parties

“Excellent work by the entire team — you made a difference in this deal. It has been a pleasure working with you these last few months. I learned a lot from this amazing team!”

Zuza de Carvalho

Founding Partner, Fit Sistemas

Talk to the deal team

Denis Salvador Morante

Managing Partner

São Paulo, Brazil
Oaklins Fortezza Partners

View profile Get in touch

Daniel Gildin

Partner

São Paulo, Brazil
Oaklins Fortezza Partners

View profile Get in touch

Related deals

AMC Media Group has been acquired by Formedics

Healthcare | TMT

AMC Media Group has been acquired by Formedics

AMC Media Group, a healthcare professional (HCP) community platform that enables medical associations and key opinion leaders (KOLs) to drive engagement and monetization through their specialty digital properties, has been acquired by Formedics, an HCP community and engagement platform that is home to Physician’s Weekly and OncWeekly.

Learn more

Seed Environmental Group has been acquired by Celnor Group Limited

Business Support Services | Construction & Engineering Services

Seed Environmental Group has been acquired by Celnor Group Limited

Environmental consultancy Seed Environmental Group joins testing, inspection, certification and compliance group Celnor.

Learn more

Pioneer software provider in intermodal logistics PICit has been sold to Arcadea

Logistics | TMT

Pioneer software provider in intermodal logistics PICit has been sold to Arcadea

PICit, a Danish SaaS powerhouse in information management solutions for intermodal logistics, has been acquired by Arcadea Group.

Learn more