IMendes has sold a majority stake to e-Auditoria

The private shareholder of IMendeson has sold a majority stake in the company to e-Auditoria.

IMendes is a leading tax software development company for tax and accounting automation in Brazil. It operates with a SaaS model, providing solutions to more than 30,000 clients across the entire national territory. The company offers tax engine solutions for automation of fiscal processes, reorganization of tax records, and XML validation of invoices with integration to the leading ERPs software in the market. Founded in 2008 by Izac Mendes, the company is headquartered in the city of Ribeirão Preto and has more than 55 employees, including dedicated software developers and tax specialists. IMendes’ solutions integrate with the best and most used ERP platforms in the market while leveraging the sales power of these partnerships to boost market penetration and to generate a profitable business model with recurring revenue. The company is experiencing strong growth in the past few years boosted by its cloud-based solutions and scalability. In addition, the complexity of the fiscal environment in Brazil demands this type of solution to ensure reliable fiscal procedure for businesses.

e-Auditoria is a technology company specializing in digital auditing. Its platform provides security and agility in detecting inconsistencies in accounting, tax and labor obligations, which reduces the risk of fines and audits from the tax authorities, in addition to identifying taxes collected incorrectly by companies, enabling the recovery of settlements. e-Auditoria was founded in 2009 by a group of entrepreneurs and Concept Investimentos, a Brazilian private equity firm, bought a majority stake in 2022.

One of Oaklins’ teams in Brazil acted as the exclusive financial advisor to IMendes and the shareholder in this transaction.