Almaviva Signs Agreement to Acquire TIVIT from the Apax Funds to Accelerate Its Digital Expansion in Latin America

12th June 2025

• The transaction between Almaviva and the Apax Funds will unite two technology leaders in the digital transformation of major companies in Brazil and worldwide.

Almaviva, a leading Italian provider of digital solutions and technological transformation, has taken another bold step in its global trajectory by entering into a definitive agreement to acquire TIVIT, one of Brazil’s largest technology companies with a strong presence across Latin America, from funds advised by Apax Partners LLP (“Apax”). 

This union, will create a powerhouse with the ability to accelerate innovation, expand the reach of digital solutions, and drive the growth of companies across multiple sectors in one of the world’s most promising regions. Together, Almaviva and TIVIT will combine complementary technologies and offerings to continue supporting the success of their clients.

TIVIT was acquired by the Apax Funds in 2010. Since then, with the strategy of expanding its presence in new markets, the company carried out several acquisitions, including Synapsis, a leading IT services firm in Latin America, and XMS, a cloud implementation specialist across Latin America. In 2016 and 2022, as part of its strategy to focus on digital solutions, TIVIT spun out two businesses units, Neobpo and Takoda. Following this repositioning, the company strengthened its board and attracted strategic talent in the areas of digital transformation, cybersecurity, cloud solutions, and SAP.  

“TIVIT has a solid track record and serves the largest companies in the country. It is recognized for its technical expertise and deep knowledge of local markets. By integrating TIVIT into our ecosystem, we take a significant step forward in consolidating Almaviva as a global leader in digital transformation, with revenue exceeding 12 billion reais.” said Marco Tripi, shareholder and CEO of Almaviva.

Operating in 10 Latin American countries, TIVIT is distinguished by its robust portfolio of cloud solutions, cybersecurity management, digital platforms, and managed services. With Almaviva’s strategic support, the company is now poised to further scale its operations and expand the global impact of its solutions.

“We are entering a new chapter. Almaviva’s arrival opens the door to even greater opportunities for growth and innovation. We are truly excited about what we will build together.” said Paulo Freitas, CEO of TIVIT.

Sectors such as financial services, transportation, manufacturing, utilities, healthcare, and government will directly benefit from the complementarity of the two companies’ portfolios and their new joint delivery capabilities — combining local and international expertise with global scale.

 “We are very proud to have been part of TIVIT’s journey, supporting its mission to empower the largest companies in Latin America through technology. Over this period, the Apax Funds have been an active and strategic owner, partnering with management in the spin-off of divisions and in the acquisitions of key businesses to drive growth. It has been a privilege to work with Luiz Mattar, the founder of TIVIT, Paulo Freitas and other members of the leadership team to help TIVIT scale and evolve in this dynamic sector. We expect this new chapter with Almaviva will create a range of opportunities for continued growth.” said Jason Wright, Partner at Apax.

The transaction is subject to regulatory approval. Once completed, it will mark the beginning of a new phase of joint growth between Almaviva and TIVIT, bringing direct benefits to their clients, partners, and teams.

J.P. Morgan acted as the financial advisor to Apax, and Mattos Filho and Skadden acted as legal advisors to Apax and TIVIT in the transaction. Benetti & Giammarino Advogados and L.O. Baptista Advogados acted as the legal advisors to Almaviva.