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
TEAM Safety Services Limited has been acquired by Vadella Group
TEAM Safety Services Limited, a leading UK-based health, safety and fire safety consultancy, has been acquired by Vadella Group, a specialist provider of inspection-led compliance services for the built environment.
Learn moreNiscon Inc. has been acquired by SGPS ShowRig
Niscon Inc. has been successfully acquired by SGPS ShowRig, a global provider of staging, rigging and automation for live entertainment. The acquisition reinforces SGPS Showrig’s commitment to pushing the boundaries of innovation in the entertainment industry. By adding Niscon’s unique motion-control technology to its portfolio, SGPS Showrig strengthens its ability to deliver cutting-edge, precision-driven solutions.
Learn moreBrand Group has acquired The Natoon Group
The Natoon Group has been acquired by Brand Group. This acquisition represents a significant strategic move that will help establish new, robust and stable growth channels. The transaction is intended to expand Brand Group’s revenues through service companies with recurring and predictable income streams supported by long-term contracts. As part of the agreement, Natoon’s senior management will continue to lead the company’s growth.
Learn more