TOTVS

TOTVS is a Brazilian enterprise software company headquartered in São Paulo and one of the largest providers of business-management technology in Latin America. The company serves organizations with enterprise resource planning, financial management, human-resources, payroll, supply-chain, retail, manufacturing, agriculture, services, and other vertical-market applications. Its portfolio is designed particularly around the operational requirements of Brazilian and Latin American businesses, including local accounting, tax, labor, regulatory, and industry processes. The company originated in 1983 when Laércio Cosentino and Ernesto Haberkorn established Microsiga after working together at the data-processing company Siga. Microsiga initially focused on software for small and medium-sized companies, a segment that later became central to TOTVS's market identity. Microsiga merged with Siga in 1989 and continued expanding its product and customer base. In 2005, the company adopted the TOTVS name, marking the consolidation of a broader software group rather than a single application product. Growth was driven both organically and through an extensive acquisition program. TOTVS absorbed or acquired numerous Brazilian software businesses, including companies associated with ERP, human resources, retail, manufacturing, distribution, agriculture, and cloud applications. Important additions included Logocenter, RM Sistemas, Datasul, Bematech, Virtual Age, PC Sistemas, and other specialized providers. These transactions broadened the company's addressable market and enabled it to combine general-purpose enterprise software with solutions tailored to particular industries. The company has also maintained operations and development activities outside Brazil, including offices or research facilities in the United States, Latin America, and Portugal. TOTVS's business model has increasingly incorporated cloud computing and software-as-a-service delivery. Its cloud strategy includes hosted enterprise applications, infrastructure and related digital services, product modernization, and research into cloud technologies. TOTVS Labs was established in California in 2011 as a research center focused on cloud-computing solutions, followed by a Silicon Valley office in 2012. This international technology presence complemented the company's primarily Brazilian commercial base. The brand is positioned as a broad, locally adapted digital-transformation partner rather than a provider of only one ERP product. Its offerings cover core back-office processes as well as front-office, operational, and sector-specific workflows. The company has historically been described as a leader in Brazil's ERP market, with its market position supported by research from the Getúlio Vargas Foundation. Its network has included dozens of Brazilian operating units and research centers, together with international operations in the Americas and Europe. Today, TOTVS remains an active, publicly listed technology company trading on Brazil's B3 exchange under the ticker TOTS3. Its continuing strategic themes are cloud adoption, recurring software revenue, vertical specialization, expansion of integrated business platforms, and the use of acquisitions to add capabilities and customers. Detailed current operating figures, executive rosters, and product availability can change over time and are not included here unless supported by the cited reference material.

TOTVS traces its origins to Brazil's emerging software market of the early 1980s. In 1983, Laércio Cosentino, then a young executive at the data-processing company Siga, joined Ernesto Haberkorn in creating Microsiga. The new company concentrated on business software for small and medium-sized enterprises, a customer segment that was underserved by more expensive and complex systems. Microsiga and Siga merged in 1989, linking the new software operation to the organization from which its founders had originated. During the following years, the business expanded from a Brazilian software vendor into a multi-product enterprise-technology group. It added capabilities through internal development and acquisitions of specialized software companies. The acquisition program included businesses such as Logocenter, RM Sistemas, Datasul, Midbyte, and BCS. These additions gave the group broader ERP functionality and access to customers across manufacturing, distribution, services, human resources, and other sectors. In 2005, Microsiga changed its name to TOTVS. The rebranding reflected the company's evolution into a group with multiple products, brands, and acquired businesses rather than a company centered on the original Microsiga identity. TOTVS subsequently continued to use acquisitions as a major growth mechanism, building a portfolio that combined horizontal enterprise applications with vertical solutions. The company expanded its international technology footprint in the 2010s. In 2011 it opened TOTVS Labs on a University of California campus as a research center focused on cloud computing. A Silicon Valley office followed in 2012. TOTVS also maintained operations or offices in the United States, Portugal, and a range of Latin American countries, while Brazil remained its principal commercial and operational base. In 2013, TOTVS acquired or invested in several Brazilian technology companies, including PRX, ZeroPaper, RMS, Ciashop, Seventeen Tecnologia da Informação, and the businesses associated with PC Sistemas and PC Informática. It also acquired the American company GoodData. The transactions added capabilities in agriculture, retail, financial and small-business applications, commerce, distribution, and data-related services. The acquisition of Virtual Age in 2014 strengthened TOTVS's cloud and vertical-software offering for textile, fashion, and clothing companies. In 2015, the company announced the purchase of 100 percent of Bematech for R$550 million. Bematech's commercial-automation activities complemented TOTVS's retail and point-of-sale portfolio. TOTVS's historical development therefore combines three themes: adaptation to Brazilian business and regulatory requirements, expansion through a large number of software acquisitions, and transition from installed enterprise applications toward cloud and SaaS delivery. Its presence has included a large Brazilian unit and research-center network, international research operations, and commercial coverage in Latin America, the United States, and Portugal. The company remains active as a publicly listed Brazilian software group and is commonly identified as a leader in Brazil's ERP market.

1. 2015Bematech acquisition was announced

   TOTVS announced the acquisition of commercial-automation company Bematech for R$550 million.

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2. 2014Virtual Age was acquired

   TOTVS acquired Virtual Age, a cloud-software provider serving textile, fashion, and clothing companies.

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3. 2013A group of software acquisitions broadened the portfolio

   TOTVS acquired or invested in several Brazilian software companies and GoodData in the United States.

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4. 2012Silicon Valley presence expanded

   TOTVS opened an office in Silicon Valley to support its international technology and cloud activities.

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5. 2011TOTVS Labs opened in California

   TOTVS established a cloud-computing research center in California.

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6. 2005The company became TOTVS

   Microsiga changed its corporate name to TOTVS as it developed into a broader enterprise-software group.

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7. 1989Microsiga merged with Siga

   Microsiga merged with the data-processing company Siga, from which the founders' business had originated.

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8. 1983Microsiga was founded

   Laércio Cosentino and Ernesto Haberkorn established Microsiga to develop software for small and medium-sized businesses.

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A Latin American enterprise-software leader combining locally adapted ERP and business applications with cloud services and industry-specific digital platforms.

• TOTVS ERPEnterprise resource planning

  TOTVS ERP is the company's core family of business-management applications. It supports functions such as finance, accounting, purchasing, inventory, sales, production, and operational administration. The portfolio is adapted to Brazilian business practices and is offered across different company sizes and industries, with configurations and extensions for sectors including manufacturing, distribution, services, retail, and agriculture.

• TOTVS CloudCloud computing and SaaS

  TOTVS Cloud represents the company's hosted and cloud-oriented delivery capabilities for enterprise applications and related digital services. It supports the shift from traditionally installed software toward subscription, hosted, and remotely managed environments. The offering is connected to the company's broader cloud strategy and research activities, including the TOTVS Labs initiative established in California.

• TOTVS RHHuman resources and payroll

  TOTVS's human-resources portfolio provides software for personnel administration, payroll, workforce processes, and related people-management activities. It forms part of the wider enterprise application suite and helps organizations manage employment processes in accordance with Brazilian labor and administrative requirements.

• TOTVS RetailRetail and commercial automation

  TOTVS Retail combines business-management, commerce, and commercial-automation capabilities for retailers and distributors. The portfolio was strengthened by acquisitions in retail technology, including Ciashop and Bematech, and covers operational areas such as sales, inventory, stores, point-of-sale activity, and related administrative processes.

• TOTVS AgroAgribusiness software

  TOTVS Agro comprises software and digital tools for agricultural and agribusiness operations. The portfolio reflects the company's expansion into sector-specific management systems and includes capabilities associated with the former PRX business, subsequently identified with TOTVS's agribusiness activities.

• Virtual Age solutionsFashion and apparel software2014

  Virtual Age developed cloud software for companies in textile, fashion, and apparel markets. After its acquisition by TOTVS, its capabilities became part of the group's vertical portfolio, providing specialized management tools for an industry with distinctive product, inventory, production, and retail workflows.

• 2015Acquisition of BematechM&A

  TOTVS sought to reinforce its commercial-automation and retail technology activities.

  What changed. TOTVS announced the purchase of 100 percent of Bematech.

  Aftermath. Bematech's commercial-automation capabilities complemented TOTVS's retail and business-management portfolio.

  Acquisition price. R$550 million (August 14, 2015)

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• 2014Acquisition of Virtual AgeM&A

  TOTVS was expanding its cloud portfolio and seeking specialized software for additional industries.

  What changed. TOTVS acquired Paraná-based Virtual Age, which developed cloud software for textile, fashion, and apparel companies.

  Aftermath. The acquisition added a specialized fashion and apparel software capability to TOTVS's vertical-market portfolio.

  Acquisition price. US$75.1 million (May 2014)

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• 2011Investment in cloud researchStrategy

  Cloud computing was becoming an important direction for enterprise software delivery and product development.

  What changed. TOTVS opened TOTVS Labs in California as a cloud-computing research center.

  Aftermath. The initiative supported the company's international technology presence and cloud-oriented product strategy.

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• 2005Rebrand from Microsiga to TOTVSStrategy

  The company had expanded beyond its original Microsiga identity and was assembling a broader group of enterprise-software businesses.

  What changed. Microsiga adopted the TOTVS corporate name.

  Aftermath. The new identity positioned the business as a multi-product enterprise-software group.

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• 2015TOTVS announced the acquisition of Bematech

  TOTVS announced an agreement to acquire all of commercial-automation company Bematech, extending its presence in retail and point-of-sale technology.

  M&A
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• 2014TOTVS acquired Virtual Age

  TOTVS acquired the Paraná-based cloud-software provider Virtual Age, which specialized in textile, fashion, and clothing businesses.

  M&A
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• 2013TOTVS expanded through multiple software acquisitions

  TOTVS acquired or invested in several Brazilian software businesses and the American company GoodData, broadening its industry and cloud capabilities.

  M&A
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• 2012TOTVS opened a Silicon Valley office

  The company expanded its United States technology presence with an office in Silicon Valley.

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• 2011TOTVS established TOTVS Labs in California

  The company opened a California-based research operation focused on cloud-computing solutions.

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• 2005TOTVS adopted its current corporate name

  Microsiga changed its name to TOTVS as the company consolidated a wider portfolio of enterprise-software businesses.

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1. TOTVS
2. TOTVS official website