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Financial Services | TMT

Zup has been acquired by Itaú Unibanco

Zup IT Serviços em Tecnologia e Inovação Ltda. (Zup) has been sold to Itaú Unibanco Holding SA.

Zup is a consultancy firm focused on digital transformation. The company offers technology solutions that meet each customer’s needs through systems that facilitate the integration of new digital developments using legacy corporate systems. As a result, Zup is able to reshape its clients’ business model and increase the speed of product development with cost-effectiveness and a growth hacking strategy.

Itaú Unibanco is the largest private sector bank in Brazil. With a consolidated presence in Latin America, Itaú Unibanco is classified by Forbes as one of the largest companies in the world based on business generated, assets and market capitalization. Itaú Unibanco has an important presence in key financial centers supported by a unique recognition and reputation. This acquisition will enable the accelerated development of digital transformation projects and the offer of new functionalities and digital products to Itaú Unibanco’s customers.

Oaklins’ team in Brazil acted as the exclusive advisor to the seller in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

 Ludimila  Mangili

Ludimila Mangili

Partner

São Paulo, Brazil
Oaklins IGC
 Rafael  Frugis

Rafael Frugis

Senior Associate

São Paulo, Brazil
Oaklins IGC

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