Brazilian digital solutions company for e-commerce Infracommerce announced on Monday the acquisition of Argentina-based Summa Solutions, which develops software for e-commerce, for $9 million.
READ ALSO: Argentina’s startup Nubimetrics bets on the Brazilian market to grow
“Summa fits into the company’s strategy to expand the technological reach of its ecosystem and gain scale in B2C and B2B e-commerce projects in Latin America, as it has customers in 15 countries,” Infracommerce said.
The acquisition, made through its subsidiary New Retail, considered a revenue multiple of 1.3 times the total expected net operating revenue for 2021.
