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
Biopharma Group has sold Crowthorne Group to Normec Group
Biopharma Group has sold Crowthorne Group Limited to Normec Group.
Learn moreEcorobotix has completed a fundraising
Ecorobotix has raised US$52 million. The new capital will enable the company to grow into new markets, expand its product range and build on the existing commercial success of ARA in Europe.
Learn moreSynergyc has been acquired by One Equity Partners (OEP) via its platform entity Kirey Group
One Equity Partners (OEP) has completed the simultaneous acquisition of Kirey Group and Synergyc with the clear goal to create a Pan-European IT Service champion.
Learn more