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334:, having clients in over 40 countries. With approximately 10,000 TOTVERS (as its employees are called internally) in its units and franchises, the company was Brazil’s 25th most valuable brand in 2020, as per the ranking announced by Interbrand. In Brazil, it has 15 branches, 52 franchises and 10 development centers. In the international market, it has two units in
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327:. It has 70,000 clients of diverse sizes operating in 12 sectors of the Brazilian economy: Agribusiness, Logistics, Manufacturing, Distribution, Retail, Services, Education, Hospitality, Legal, Construction, Health and Financial Services. According to FGV, TOTVS is the market leader in management software in Brazil.
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In 2022, TOTVS announced a joint venture with Itaú Unibanco, consolidating TOTVS Techfin’s focus on the distribution of financial services integrated into TOTVS management systems based on data intelligence, targeted at corporate clients and their entire chain of suppliers, clients and employees. The
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In 1998, the
Protheus system was officially launched. Currently, the Protheus Line ERP is the market leader, thanks to its high customization capacity and its ability to meet the needs of companies in diverse sectors. The same year, the company established the Instituto de Oportunidade Social (IOS),
382:
In 1992, Microsiga shifted its head office from the district of
Perdizes to Avenida Braz Leme in the North Zone of São Paulo. It also kicked off the integration of the company into the surrounding community through actions aimed at preserving public areas in the region. In 1994, Microsiga Software
406:
The year 1999, was marked by the entry of private equity – Advent
International Corporation, a U.S.-based investment fund, acquired 25% of Microsiga’s share capital. The same year, the company officially launched ADVPL, its proprietary language designed to make systems development more flexible.
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was marked by the launch of
Advanced Protheus 5 (AP 5), the ERP software that succeeded Siga Advanced. In 1997, the company started its international expansion by opening a branch office in Argentina. Continuing the expansion project, the newly opened branch office in Argentina helped open new
366:
In the 1980s, microcomputing was becoming popular and gaining market share. Laércio
Cosentino, who was 23 at the time and worked as a director at Siga, recognized the potential reach of personal computers (PC) and saw an opportunity to create a new company that would develop software for
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Another significant event at the time was the acquisition, through TOTVS Venture, of non-controlling interest in GoodData Corp., a company in
California that provides business intelligence solutions in the cloud based on big data technology, which stores and manages huge databases.
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In 2006, TOTVS held its
Initial Public Offering (IPO), becoming first IT company in Latin America to go public, with its shares listed on B3’s Novo Mercado segment. Consequently, TOTVS consolidates its position by acquiring software competitors such as RM Sistemas and Datasul.
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The year 2021 was marked by several milestones for the company, such as the publication of its ESG policy, as well as honors, such as the Exame Award – Best of ESG in
Technology, and Best Technology Company at the InfoMoney Melhores na Bolsa Awards.
374:
In 1989, Microsiga launched an audacious expansion plan through its pioneering (in the technology segment) system of franchises. The project was named ‘Treaty of
Tordesillas’ and the first four franchises were inaugurated in four Brazilian cities:
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The company also launched a communication campaign, consisting of several videos focused on the brand, exclusively for digital channels, the first being ‘Mistério desvendado! É tudo!’ and a video narrating its history, ‘Bando de inconformados.’
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2010 was marked by TOTVS’ entry into the U.S. market through a partnership with
Stanford University. At that time, the company’s market value reached US$ 1 billion, making it the 1st Brazilian Unicorn, at a time when the term was little known.
370:
Each partner held 50% interest in the new company and it was agree that Laércio would manage the company, which will provide integrated enterprise management solutions affordable to small and midsized companies already using microcomputers.
513:, the company formalized the merger of TOTVS and Datasul, a company in Joinville, Santa Catarina, with 30 years of experience in the market and which, at the time, was TOTVS’ main domestic competitor in the software supply segment. Between
447:
In 2019, TOTVS’ innovation lab in the US moves to Raleigh, North Carolina. That year, TOTVS also announced its joint venture with Vtex, which will enable the digital commerce platform to be contracted through TOTVS’ commercial structure.
440:
In 2017, TOTVS moves its head office for the second time. The new building, also on Avenida Braz Leme, spans 65,000 m and can receive up to 3,000 people. It also brought together TOTVS employees working at diverse units across São Paulo.
535:, TOTVS acquired seven Brazilian software companies: PRX, ZeroPaper, RMS, 72% of Ciashop, Seventeen Tecnologia da Informação, W&D Participações, the parent company of PC Sistemas and PC Informática, and the U.S.-based GoodData.
528:, the company opened TOTVS Labs, a research center for cloud computing, inside the campus of the University of California in San Diego, California. The next year, it opened an office in Silicon Valley, California.
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561:, it acquired Wealth Systems, a company in the interior region of Paraná that develops CRM and cloud-based salesforce software, for R$ 27 million. Also in 2020, it acquired Consinco for R$ 252 million.
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571:, TOTVS announced the acquisition of RD Station, a marketing automation company, for R$ 1.86 billion. It acquired around 92% of the capital stock of the company located in Santa Catarina.
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502:, TOTVS acquired 100% of the capital stock of Sipros. Currently, in addition to the branch office, TOTVS has a Research & Development Center in Mexico, in the city of Querétaro. In
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The company has invested R$ 2 billion in R&D over the last five years to meet its clients’ demands. TOTVS has over 50% market share in Brazil, and is among the top 3 players in
427:
In 2012, TOTVS Labs was inaugurated in Mountain Ville in the Silicon Valley in California. In 2013, TOTVS acquired five companies: Ciashop, PRX, RMS, Seventeen and PC Sistemas.
383:
S.A. became the first Brazilian software company to obtain the ISO 9001 certification and a certificate for the quality of the Life Cycle process of software developed by it.
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In 2018, Laércio Cosentino rolls out the succession process, handing over the role of CEO to Dennis Herszkowicz and becomes the chairman of the company’s board of directors.
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In 2003, Microsiga acquired the assets of Sipros, a Mexican company specializing in the development and sale of computerized payroll and human resources solutions.
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microcomputers used in companies. He proposes, over lunch, a partnership with his boss Ernesto Haberkorn, owner of Siga. Microsiga was thus born in September 1983.
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comprises financial services offered through technology, such as B2B credit, prepayment of receivables, payments via Pix, credit cards or digital wallets. The
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new company’s mission is to expand, simplify and democratize access to personalized financial services fully that are integrated to management systems (ERP).
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Also during the period, TOTVS announced the creation of TOTVS Techfin, its financial services unit that offers its clients credit products and B2B payments.
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626:, one of them responsible for the commercial operations of Latin America’s South Hub, and the other dedicated specifically to the hospitality sector. In
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In 2009, Universo TOTVS is born. It is the company’s principal event to showcase the trends and innovations in its systems and applications to clients.
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541:, it acquired Virtual Age, a company in Paraná that develops cloud-based software for textile fashion and apparel companies, for R$ 75.1 million,
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are systems such as ERP, HR platforms and vertical solutions for companies in diverse economic sectors (focus on core business). The
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506:, the company also acquired Logocenter and, in 2006, announced the acquisition of RM Sistemas for approximately R$ 165 million.
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578:, was marked by the acquisition of Feedz for R$ 66 million, as a way to expand its operations in human experience management.
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547:, TOTVS announced the acquisition of 100% of Bematech, a commercial automation company, for R$ 550 million.
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Recently, TOTVS started to focus on 3 business dimensions - Management, Techfin and Business Performance.
42:
703:"Laércio Cosentino rolls out the succession process, handing over the role of CEO to Dennis Herszkowicz"
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which provides free professional training and employment support to youth and people with disabilities.
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A follow-on offering that raised R$ 1.44 billion from the issue of 39.27 million new common shares;
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521:, TOTVS acquired Total Banco, a supplier of solutions for the core business of banks.
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Also in 2021, TOTVS announced the creation of Dimensa, its joint venture with B3.
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comprises marketing automation, data intelligence, CRM and other platforms.
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567:, the company announced the acquisition of Tail Target for R$ 12 million.
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555:, the company acquired Supplier to reinforce Techfin’s credit portfolio.
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The same year, TOTVS launched TOTVS Fluig, a productivity platform.
745:"Best Technology Company at the InfoMoney Melhores na Bolsa Awards"
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In 2005, Microsiga took on a new look, rebranding itself as TOTVS.
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and a commercial operation unit of the Latin America North Hub in
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342:, one innovation laboratory in the U.S., and one unit each in
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TOTVS has so far carried out more than 40 acquisitions.
664:, TOTVS’ innovation laboratory TOTVS Labs is located in
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In 2015, 60% of Neolog’s capital was merged with TOTVS.
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Other important announcements during the year include:
759:"The creation of CVC Fund for investments in startups"
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The creation of CVC Fund for investments in startups;
787:"TOTVS announced a joint venture with Itaú Unibanco"
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815:"TOTVS announced the acquisition of Tail Target"
773:"Follow-on offering that raised R$ 1.44 billion"
853:Multinational companies headquartered in Brazil
630:, TOTVS has a technology development center in
731:"The Exame Award – Best of ESG in Technology"
717:"TOTVS announced its joint venture with Vtex"
491:Following is a timeline of key acquisitions:
475:The celebration of 15 years of its IPO on B3.
8:
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379:, Belo Horizonte, Recife and Porto Alegre.
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109:Learn how and when to remove this message
829:"Acquisition of Feedz for R$ 66 million"
848:Companies listed on B3 (stock exchange)
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185:Laércio Cosentino and Ernesto Haberkorn
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47:adding citations to reliable sources
689:"Instituto de Oportunidade Social"
582:The 3 Business Dimensions of TOTVS
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362:Virtual Age, subsidiary of TOTVS.
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801:"TOTVS acquired Wealth Systems"
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858:Technology companies of Brazil
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863:Companies based in São Paulo
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16:Brazilian software company
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264:R$ 1.772 billion
873:ERP software companies
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391:franchises in Chile,
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244:R$ 3.2 billion
775:. 22 September 2021.
614:International Market
605:Business Performance
565:On December 21, 2020
217:Dennis Herszkowicz (
43:improve this article
761:. 11 November 2021.
705:. 26 November 2018.
273:Number of employees
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831:. September 2022.
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41:Please help
36:verification
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636:Mexico City
549:In May 2019
539:In May 2014
295:PC Sistemas
291:Virtual Age
842:Categories
676:References
591:Management
314:TOTVS S.A.
254:Net income
213:Key people
69:newspapers
632:Querétaro
620:Argentina
608:dimension
601:dimension
594:dimension
574:The year
336:Argentina
325:São Paulo
318:Brazilian
305:totvs.com
199:São Paulo
195:São Paulo
148:Traded as
99:June 2018
655:Santiago
643:Colombia
494:Between
393:Paraguay
344:Colombia
288:Bematech
226:Products
168:Software
164:Industry
666:Raleigh
660:In the
598:Techfin
589:In the
397:Uruguay
354:History
300:Website
277:+10,000
236:Revenue
182:Founder
174:Founded
156::
83:scholar
58:"TOTVS"
647:Bogotá
628:Mexico
340:Mexico
266:(2014)
246:(2021)
205:Brazil
140:Public
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651:Chile
348:Chile
316:is a
158:TOTS3
122:TOTVS
90:JSTOR
76:books
576:2022
553:2019
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526:2011
519:2011
517:and
515:2009
511:2008
504:2005
500:2005
498:and
496:2004
395:and
346:and
177:1983
62:news
618:In
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509:In
293:PRX
219:CEO
45:by
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