Italy’s Almaviva to acquire TIVIT to boost Latin expansion
ROME, ITALY — Italian digital solutions giant Almaviva has signed a definitive agreement to acquire TIVIT, one of Brazil’s largest technology companies, from funds advised by Apax Partners LLP, for an undisclosed amount.
The all-cash transaction still needs antitrust clearance, but Almaviva chief executive Marco Tripi called it “a significant step forward in consolidating Almaviva as a global leader in digital transformation, with revenue exceeding 12 billion reais (US $2.2 billion).”
Together, the companies will serve more than 2,000 enterprise customers across finance, manufacturing, utilities, transport and government.
Complementary portfolios, wider footprint
Founded in Rome, Almaviva employs about 41,000 people in 80 offices across Italy, Brazil, the United States, Colombia, Egypt, Finland, the Dominican Republic, Saudi Arabia, Spain, Tunisia and Belgium.
It specialises in AI-enabled HR, customer-experience, cloud and cybersecurity platforms, and generated roughly €1.4 billion (US $1.6 billion) in turnover last year.
TIVIT brings a 5,000-plus workforce spread over ten Latin American countries, including Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Paraguay and Peru, and a portfolio of managed cloud, cybersecurity, SAP and digital-platform services.
The Brazilian firm is on track to surpass US $2 billion (about R$10 billion) in annual revenue as it scales regional delivery centers.
“Almaviva’s arrival opens the door to even greater opportunities for growth and innovation,” said TIVIT chief executive Paulo Freitas.
“We are truly excited about what we will build together.”
Apax exits after 15-year stewardship
Apax bought TIVIT in 2010 and helped fund the acquisitions of Latin American IT-services player Synapsis and cloud specialist XMS, while carving out two spin-offs—Neobpo and Takoda—to sharpen TIVIT’s focus on digital solutions.
“We are proud to have been part of TIVIT’s journey,” said Apax partner Jason Wright, predicting “a range of opportunities for continued growth” under Almaviva.
Regulatory green light and advisory bench
The deal is expected to close once Brazilian and other regulators sign off. J.P. Morgan served as sole financial adviser to Apax; Mattos Filho and Skadden were legal counsel to Apax and TIVIT. Almaviva was advised by Benetti & Giammarino Advogados and L.O. Baptista Advogados.
By combining Almaviva’s global reach and AI expertise with TIVIT’s local know-how and cloud platforms, the new group aims to fast-track digital-transformation projects for Latin America’s blue-chip companies, while giving both workforces fresh opportunities to innovate at scale.
