Tivit allocates R$1B for tech acquisitions, targets software and hardware developers

Brazilian IT services firm Tivit has set aside R$1 billion for a technology acquisition cycle, targeting software and hardware developers with deal sizes ranging from R$20 million to R$200 million. The move signals an aggressive M&A strategy in Brazil's tech sector, though specific targets and timeline remain undisclosed. This could consolidate Tivit's market position and drive sector consolidation.