Technology

Brazil's tech company TIVIT acquires DevApi, a system integration startup

With the acquisition, TIVIT strengthens its portfolio of "one-stop-shop" solutions; TIVIT has BRL 400 million for acquisitions until 2025

Photo: Courtesy/Tivit
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  • TIVIT operates in ten countries in Latin America;
  • Founded last year by Luana Ribeiro and William Hoffmann, DevApi will continue as an independent company.

Brazilian multinational TIVIT announced the acquisition of DevApi, a system integration startup (iPaaS – Integration Platform as a Service) and API management. The company did not disclose the amount of the transaction.

Operating in ten countries in Latin America, TIVIT operates with four business units: Digital Business, Cloud Solutions, Digital Payments, and Technology Platforms. The company supports its customers on the journey of digital transformation, which is why it sees the acquisition of DevApi as strategic.

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The platform developed by DevApi allows companies that deal with different applications, systems, and APIs to manage them in a centralized and intuitive way, gathering in one place the information about performance, errors, consumption, among others. The tool also has a security layer to protect systems against threats and invasion attempts.

“DevApi is a fast-growing startup that brought an innovative methodology to one of the main pains of large companies today: the integration of several systems in an agile and secure way,” says Eduardo Sodero, CSO of TIVIT and responsible for strategy and acquisitions. “We see exponential growth in the different software and solutions being used by companies, and DevApi helps to reduce that complexity,” he said in a press release.

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Founded last year by Luana Ribeiro and William Hoffmann, DevApi will continue as an independent company, with the founders remaining in charge of the startup. “We were born and grew intensely, especially over the last 10 months in which the digital transformation has progressed, driven by the challenges imposed on companies by lockdown. In this process, we needed a partner to take the next big leap and TIVIT proved to be ideal one,” says Luana Ribeiro, co-founder, and CEO of DevApi.

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DevApi is the fifth company of TIVIT Ventures, the investment arm of the company, and has BRL 400 million for acquisitions until 2025. TIVIT’s goal for 2021 is to acquire up to 10 startups with a focus on SaaS and trajectories of strong growth and scalability.

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