Brazil’s IT and internet infrastructure development sectors are seeing a sudden spurt in deal-making, as Latin America’s largest economy gears up to launch 5G telecom services.
The technology sector has recorded as many as 818 transactions so far this year, according to KPMG.
“The first nine months represented the strongest M&A period in Brazil since 1996,” reported BNAmericas citing the KPMG survey.
Earlier this month, the Brazilian government set aside US$64 million for injecting innovation into its ICT sector, in addition to urging banks to lend generously to the companies building telecom infrastructure.
Seeing the ICT sector improving, technology services providers began positioning themselves to reap the dividends.
Days after the government’s announcement, IT services provider Tivit struck a deal to acquire Sensr.it, a SaaS governance and management platform that offers to help with maintaining ethics, transparency in customer relationships.
IT management becomes increasingly complex for companies with dozens of technology suppliers. Sensr.it helps “organize and optimize these processes,” stated Eduardo Sodero, a senior executive with Tivit in an interview with a local television channel.
Zenvia, the country’s communication solutions vendor, has purchased two smaller rivals, namely Sensedata and Movidesk, over the past month. Sensedata helps companies retain customers and Movidesk is a customer service and service desk software vendor.