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The story
In 1983, entrepreneur Laércio Cosentino was 23 years old and was director of data processing company Siga, a company created by Ernesto Haberkorn. Cosentino and Haberkorn opened Microsiga, a software company for small and medium-sized companies, and then became equal partners in the new company. Microsiga merged with Siga in 1989, and in 2005 the company changed its name to TOTVS.
TOTVS acquired more than 50 corporative software manufacturers like Datasul, RM Sistemas, Midbyte, Logocenter, BCS, among others. TOTVS opened a California operation within the University of California campus, TOTVS Labs, a cloud computing solutions research center, in 2011. The following year, it opened an office in Silicon Valley, California. TOTVS acquired seven Brazilian software companies in 2013; PRX (current TOTVS Agroindústria), ZeroPaper, RMS, 72% of Ciashop, Seventeen Tecnologia da Informação, W & D Participações, parent company of PC Sistemas and PC Informática, and the American company GoodData.
In May 2014, bought by 75.1 million dollars, the Paraná-based company Virtual Age that works in the development of software in the cloud for the companies of textile fashion and clothing. On August 14, 2015, Totvs announced the purchase of 100% of the commercial automation company Bematech for R$ 550 million.
From Wikipedia’s article on TOTVS, shared under CC BY-SA 4.0.4