Zucchetti further invests in Brazil by acquiring 100% of Compufour, one of Brazil's leading software companies for the retail market with over 40,000 customers.
Founded in the state of Santa Catarina, in the south of Brazil, in one of the most fertile areas for digital entrepreneurship, Compufour is now present throughout Brazil thanks to its more than 1,700 partners, who, following the acquisition, will also be able to convey the other solutions of the Zucchetti Group.
"We have been in Brazil for over 10 years, but this acquisition represents a milestone, not only because of Compufour's figures, but above all because Brazil is going through a phase of strong transformation of its banking system. With the launch of a new payment system by Banco Central do Brasil (PIX), which has only been in force for a few days, it is possible to make real-time transactions from smartphones with much lower costs for the retailer than traditional credit and debit card rates. This innovation has significantly accelerated the approximation of the financial world to companies with management and retail software; in fact, it is becoming increasingly clear that software houses can direct the way financial transactions take place. Those who manage the transaction have 'the knife in the hand' and this opens up a series of opportunities that go beyond the traditional revenue model of the software house," says Alessio Mainardi, director of Zucchetti Brazil.
Although Brazil is one of the countries most affected by the COVID-19 epidemic, in the third half of the year Zucchetti recorded an 8% growth compared to the previous year, in contrast to the LATAM software market which is expected to decline by 10% compared to 2019 (source: IDC Brasil); further confirmation that Zucchetti's business has solid foundations that allow the company to continue to invest even in exceptional times like the current one.