Totvs : Notice to the Market - Partnership Agreement with Rede
March 21, 2019 at 05:30 pm
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TOTVS S.A.
Publicly Held Company
Corporate Taxpayer ID (CNPJ/MF): 53.113.791/0001-22
Company Registry (NIRE): 35.300.153.171
NOTICE TO THE MARKET
TOTVS S.A. (B3: TOTS3, "Company" or "TOTVS") hereby informs its shareholders and the market that it signed a Partnership Agreement ("Partnership") with REDECARD S.A. ("Rede", an Itaú Unibanco group company) to market Rede's solutions for the acquisition and prepayment of receivables among TOTVS' SMB (small and midsized businesses) clients.
This partnership represents the start of TOTVS' structuring for its Fintech journey, which is focused on simplifying, expanding and lowering the cost of access for its clients to credit and other financial services.
TOTVS SA published this content on 21 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 March 2019 21:29:13 UTC
Totvs SA is a Brazil-based company engaged in the information technology (IT) sector. The Company focuses on developing integrated management software solutions, collaboration and productivity platforms, as well as on consulting services. The Company mainly provides enterprise resource planning (ERP) applications, which electronically integrate the strategic and operational levels of a user company. It offers ERP software in various areas, such as administration, education, finance, industrial, human resources, customer service and logistics. The Company operates in Brazil, Argentina, Colombia, Mexico, Portugal and the United States, among others. It controls a number of subsidiaries, including Solucoes em Software e Servicos TTS Ltda, Datasul Argentina SA and Neolog Consultoria e Sistemas SA.