Totvs paid $ 37.4 million for retail software company

In fact sent to the Brazilian Securities Commission (CVM) on Tuesday (7/16), the technology company Totvs has confirmed the purchase of 100% of the share capital of companies RMS Software S.A. and Webstrategie Software Ltda. (together, the "RMS").
The value of the deal is valued at $ 37.4 million and is also provided for the payment of a variable value, totalling up to $ 5 million, which will be disbursed according to the fulfillment of certain goals set for RMS during the 12 months after the closing of the operation.

RMS works in the development of management software solutions and in providing information technology services to the retail segment and supermarkets in Brazil. In 2012, the company posted revenues of approximately R$19,2 million.