Narayan AmmachchiBrazilian IT services firm Stefanini has purchased a local tech startup Mozaiko, gaining more extensive access to potential clients in retail and logistics sectors across the country.
São Paulo-based Mozaiko develops data analytics solutions, and its IoT (internet of things) solutions ease the task of managing inventory and supply chain for manufacturers and retailers.
Also, the startup’s RFID (Radio Frequency Identification) tags are hugely popular among storekeepers and transportation companies. Mozaiko runs offices in Argentina, Uruguay as well as the United States.
“We are very confident in this new investment since Mozaiko solutions can add more value to our customers’ business,” stated Guilherme Stefanini, who heads Stefanini Ventures.
In the past few years, Stefanini has acquired several smaller but innovative companies in a bid to grab a larger slice of Latin America’s digital services market.
Early last year, it acquired Intelligenti, a startup that applies artificial intelligence to legal services.
Mozaiko is the second analytics software vendor Stefani is purchasing after its 2018 acquisition of Estatística Segura. IT integrator Magma is also among the innovative startups Stefanini bought in recent years.
Stefanini ended 2018 with a turnover of US$65 million, an increase of 7% compared to the previous year, with digital services accounting for more than 35% of its revenue.
Founded in 1987 by current global CEO Marco Stefanini, the Brazilian company has employed 25,000 people in 40 countries, including India and China.
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