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Traded as B3TOTS3
Industry Software
Founded 1983
Founder Laércio Cosentino and Ernesto Haberkorn


Key people
Laércio Cosentino (CEO)
Products ERP software
Revenue Increase R$ 6,357 billion (2014)
Increase R$ 1.772 billion (2014)
Number of employees
Subsidiaries Bematech
Virtual Age
PC Sistemas

TOTVS S.A. is a Brazilian software company based in São Paulo. TOTVS was initially formed from the merger of Microsiga and Logocenter. TOTVS is the leader in the Brazilian ERP market according to the FGV(Getúlio Vargas Foundation) and, in addition to Brazil, has offices in the United StatesPortugal and Latin America.[1][2]


Virtual Age, subsidiary of TOTVS.

In 1983, entrepreneur Laércio Cosentino was 23 years old and was director of data processing company Siga, a company created by Ernesto Haberkorn. Cosentino and Haberkorn opened Microsiga, a software company for small and medium-sized companies, and then became equal partners in the new company. Microsiga merged with Siga in 1989, and in 2005 the company changed its name to TOTVS.[3]

TOTVS acquired more than 50 corporative software manufacturers like Datasul, RM Sistemas, Midbyte, Logocenter, BCS, among others. TOTVS opened a California operation within the University of Californiacampus, TOTVS Labs, a cloud computing solutions research center, in 2011[4]. The following year, it opened an office in Silicon Valley, California. TOTVS acquired seven Brazilian software companies in 2013; PRX (current TOTVS Agroindústria), ZeroPaper, RMS, 72% of Ciashop, Seventeen Tecnologia da Informação, W & D Participações, parent company of PC Sistemas and PC Informática, and the American company GoodData.

In May of 2014 bought by 75.1 million dollars the Paraná-based company Virtual Age that works in the development of software in the cloud for the companies of textile fashion and clothing. On August 14, 2015 Totvs announced the purchase of 100% of the commercial automation company Bematech for R$ 550 million.[5]


TOTVS has 66 units and 11 centres of R&D in Brazil – São PauloRio de JaneiroBrasíliaBelo HorizonteSalvadorRecifeFortalezaManausPorto AlegreJoinville and Curitiba -, 2 centres of R&D in the United States – Weston, Florida and Mountain View, California (TOTVS Labs) – 4 units with 1 R&D center in Latin America – ArgentinaBoliviaChileColombiaDominican RepublicEcuadorMexicoParaguayPeru and Uruguay – as well as an office in Portugal and New York, US.


  1. ^ ComputerWorld. “Totvs mantém-se na liderança do mercado brasileiro de ERP, diz FGV” (in Portuguese). Retrieved March 3, 2018.
  2. ^ Forbes Brazil. “Como Laércio Cosentino transformou a Totvs em uma das maiores empresas de TI do Brasil” (in Portuguese). Retrieved March 3,2018.
  3. ^ Editora Três. “O mestre das fusões”IstoÉ Dinheiro (in Portuguese). Retrieved March 3, 2018.
  4. ^ Folha de S.Paulo. “Totvs abre centro no Vale do Silício para criar tecnologia de ponta” (in Portuguese). Retrieved March 3, 2018.
  5. ^ Retrieved March 3, 2018.

External links[edit]

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