Evertec, a leading financial technology provider in Latin America, has announced a definitive agreement to acquire 100% of Dimensa, a Brazilian B2B technology company. The transaction is valued at R$950 million, approximately USD $181 million, on a cash-and-debt-free basis. This strategic acquisition marks a significant step in Evertec's ongoing expansion strategy within Brazil, aiming to bolster its market presence and service offerings in the region's dynamic financial sector.
A Strategic Move in a Key Market
This acquisition reinforces Evertec's commitment to growth in Brazil, combining organic expansion with strategic purchases to enhance its market position. The deal represents the company's fourth major investment in the country, following the successful integrations of PaySmart, Sinqia, and Tecnobank. This consistent pattern of acquisitions underscores Evertec's long-term vision for establishing a dominant footprint in Latin America's largest economy and its competitive financial technology landscape.
Profile of the Acquired Company
Dimensa, based in São Paulo, was established in 2021 as a joint venture following a spin-off from TOTVS with participation from B3. The company has quickly become a key technology partner for financial institutions across Brazil, serving over 15,000 clients. Its operations are supported by a dedicated team of approximately 1,000 employees, demonstrating its significant scale and reach within the national market.
The firm specializes in providing a comprehensive suite of solutions across the Funds, Banking, Risk, and Insurance sectors. Its portfolio includes everything from back-office management platforms and core banking systems to advanced credit analysis tools and digital channel support. This diverse offering has positioned Dimensa as an integral technology provider for a wide array of financial service companies seeking to modernize their operations.
Transaction Details and Timeline
The agreement is subject to customary closing conditions, most notably the approval of Brazil's Administrative Council for Economic Defense (CADE) and other relevant regulatory bodies. These approvals are critical for ensuring the transaction complies with national competition laws and financial regulations. The successful navigation of this regulatory process will be a key milestone for the completion of the deal.
Pending the required authorizations, both parties anticipate the transaction will officially close in the early part of the second quarter of 2026. This projected timeline accounts for the standard review periods associated with acquisitions of this magnitude in the Brazilian market. The structured timeline ensures a smooth and compliant transition for both companies, their employees, and their extensive client bases.
Expanded Portfolio and Leadership Vision
Upon completion, Evertec plans to integrate Dimensa's capabilities to significantly expand its current portfolio. The acquisition will facilitate Evertec's entry into the Risk and Insurance verticals while simultaneously strengthening its existing offerings in Banking and Funds. This diversification is a core component of the company's strategy to provide a more holistic suite of solutions to its clients.
Mac Schuessler, President and CEO of Evertec, described the acquisition as a natural complement to their business that enhances their ability to meet evolving customer needs. Echoing this sentiment, Claudio Prado, head of Evertec's Brazilian operations, highlighted the strong alignment between the two companies. He affirmed the focus will be on leveraging Dimensa's strengths to deliver enhanced value across the financial ecosystem.
In conclusion, Evertec's acquisition of Dimensa is a calculated and powerful move to accelerate its growth and solidify its leadership in the Brazilian fintech sector. The deal not only expands Evertec's customer base and diversifies its service portfolio but also signals a deep, long-term commitment to the Latin American market. This strategic investment positions the company to better serve the region's financial institutions with a comprehensive and innovative technology platform.