In a move reflecting the growing influence of Latin American tech, Nvni Group Limited, a São Paulo-based serial acquirer of Software as a Service (SaaS) businesses, made its debut on the Nasdaq exchange under the ticker NASDAQ:NVNI on Tuesday. The company has been garnering attention for its positive cash generation and recurring revenue, amidst an environment of low tech penetration and rapid growth in the region.
Nvni Group has set its sights on expanding its portfolio through a targeted acquisition strategy. The firm aims to acquire 17 additional companies in Brazil, further solidifying its presence in the Latin American market. The acquisitions are expected to bolster Nvni Group's portfolio, which currently includes Effecti Tecnologia Web Ltda., Leadlovers Tecnologia Ltda., Ipê Tecnologia Ltda., Simplest Software Ltda., and SmartNX Tecnologia Ltda., among others.
The company's CEO, Pierre Schurmann, has projected optimistic financials for the upcoming year. According to Schurmann, Nvni Group is forecasted to achieve net revenue of $40 million in 2023 and maintain an EBITDA margin of 24.7%. This projection aligns with the firm's ongoing commitment to providing mission-critical solutions through valuable long-term partnerships.
Nvni Group's Nasdaq debut marks a significant milestone for the company and underscores the growing potential of Latin American tech firms in the global market. The firm's strategic acquisitions and strong financial projections position it as a notable player in the SaaS B2B market.
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