After raising more than 2 billion reais in a new offering of shares, the Locaweb returned to the market. The Brazilian technology company disbursed more than R $ 53 million and acquired control of two other startups. The most recent move involved the purchase of Credisfera, fintech that works with credit solutions, and Docca, which manages a virtual store platform.
The acquisitions reinforce the thesis that Locaweb wants to become a true digital conglomerate specialized in solutions for internet companies. While Credisfera must help the company to create a focused plan to offer credit solutions for small and medium entrepreneurs, Docca will be necessary to assist in the command of e-commerce developed for customers.
According to what was officially announced, the acquisition of Credisfera is worth 26.6 million reais, the closing price for the purchase of all fintech shares. The company was founded in 2015 in São Paulo by Wanderley Schmidt Campos, Eduardo Peixoto Ferreira Leite, Carlos Eduardo Carneiro Pinto de Magalhães and José Filipe Neis.
The value of all Docca shares is slightly lower: R $ 26.1 million. Also founded in 2015, but in Rio Grande do Sul, Docca Commerce grew 650% last year and reached recurring annual revenue of R $ 5 million. The founders are Dieter Fritsch, Gustavo Metz and Maicol Rafael Bruski. Both at Docca and Credisfera, executives will join Locaweb’s staff.
Credisfera and Docca are now part of a group that already had six other companies acquired by Locaweb since its debut at B3, just over a year ago. Altogether, Locaweb has already disbursed more than 393 million reais with purchases. It may seem like a lot, but we must remember that the company planned to spend at least 422 million reais out of the 575 million reais raised in the IPO with acquisitions.
In addition to Credisfera and Docca, Locaweb became the controller of the companies Social Miner (which does data analysis for e-commerce), Etus (who manages social networks for companies), Vindi (a virtual payment platform), Ideris (which creates technologies for marketplaces), Best Shipping (which sends goods over the internet) and ConnectPlug (which integrates from marketplaces).
The latest buying movement is not surprising. In charge of the company, businessman Fernando Cirne never hid that he planned to go shopping after the capital injection received with the IPO (and with the new offer of shares). “I did the IPO and took money to make acquisitions. Now we have to deliver, ”said Cirne, in an interview with EXAM just last year.