Thomson Reuters Corp. recently agreed to acquire Brazilian accounting software developer Dominio Sistemas for an undisclosed sum. The transaction is subject to the fulfillment of certain conditions.
The deal aligns with Thomson Reuters’ strategy to complement its product offering with integrated software solutions for small, medium-sized and large accounting firms in Brazil.
“We are very interested to be part of Thomson Reuters because we believe that it will also allow more investment in innovation and the expansion of our offerings,” Dominio Sistemas stated in its release on the deal.
Thomson Reuters is established in Brazil in legal, regulatory, financial and tax information. Thomson Reuters previously acquired Mastersaf, another Brazilian company specializing in tax and accounting software for large to medium enterprises, in June 2011.
Dominio, founded in 1998 in the city of Criciuma by Brazilian entrepreneurs from Balsini family, specializes in the development and implementation of accounting management and tax management software solutions for accounting firms, and micro- and small companies in Brazil. With a team of 653 employees, the company operates 15 offices and 19 points of sales in 24 Brazilian states, and serves over 16,500 clients. Dominio‘s revenue is estimated at $27.9 million in 2013.
Dominio informed its customers that there would be no disruption to business operations as a result of the acquisition.