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03.25.08
» BNDES financial support of R$ 404.5
million makes possible merger in information technology
market
BNDES approved a support amounting R$404.5 million to
Totvs S.A., from São Paulo, a Brazilian company which acts
in the information technology market and is the greatest
developer of enterprise resource planning software (ERP).
The facility will make possible to merge Totvs and Datasul,
from Joinville (state of Santa Catarina), which is the
second in Brazilian rank in software application segment.
Shareholders form both companies approved the merger.
Within the total funding amount, R$200 million will be
granted through a variable income mechanism, with BNDESPAR
subscription of debentures convertible into shares; and
R$204.5 million will be financed (fixed income). The
facility was approved within Desenvolvimento da Indústria
Nacional de Software e Serviços de Tecnologia da Informação
- Prosoft-Empresa (Program for the Development of the
National Software Industry and Information Technology
Services) scope.
Resulting from shareholder reorganization, Datasul
shareholder portfolio will be merged to Totvs shareholder
portfolio, creating the ninth greatest company specialized
in producing enterprise resource planning software in the
world.
This merge is considered priority to strength Brazilian
software market, for it creates conditions to widen
companies’ competitiveness in the Brazilian market and
abroad. Besides, this merger between the two leaders is
consistent with the Production Development Policy, of the
federal government. This Program aims at creating solid
national groups in the software sector, which can earn more
than R$1 billion/year.
Besides helping Totvs to invest in merges and acquisitions,
BNDES facilities will also allow the company to inject
resources into research studies and technological
development, staff training, process and product improvement,
marketing and trading, infrastructure, as well as studies
and projects. Such investments will help Totvs to broaden
its leadership in the medium-sized company segment, besides
supporting the company to continuously adjust its products
and services according to customers' needs. Currently, Totvs
has 3.2 thousand employees, a number that will increase to 4
thousand employees until 2010.
In the view of this new merger, Prosoft portfolio, in its
different levels of transaction and models (Prosoft-Empresa,
Prosoft-Comercialização e Prosoft-Exportação), amounts R$1.3
billion, totaling 214 facilities. Within this total amount,
R$986 million refers to Prosoft–Empresa, totaling 56
facilities. BNDES has a partnership with Sociedade Softex to
develop direct facilities within this program scope.
Company’s path
Today, BNDESPAR has 7.6% of Totvs common shares – Totvs is
listed in Bovespa New Market since 2006, and was the first
Brazilian company in the software segment to open its
capital.
In 2005, BNDESPAR became one of Totvs shareholders, making
some investments and disinvestments in the following years.
BNDESPAR interest in Totvs capital was significant to
strength BNDESPAR and to develop the Brazilian capital
market.
In 2006, Totvs acquired RM Sistemas aiming at widening Totvs
line of products; in 2007, Totvs purchased 70% of corporate
capital from Midbyte Informática S.A., which develops
software for retail, and 100% of corporate capital from BCS
Informática, which develops management software to expanding
markets of law firms and legal departments. This also
allowed Totvs to provide solutions to customers in this
segment (such as document scanning, leasing of machinery,
and so on). Also in 2007, Totvs established a subsidiary in
Portugal, named Eurototvs Ltda, starting businesses in the
European market.
Besides application software destined to manage corporation
resources, Totvs also produces customer relationship
management (CRM), Business Intelligence (BI) and Supply
Chain Management (SCM) software, as well as modules for
specific industrial sectors.
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