Technology

The Brazilian technology sector grew rapidly during the Internet bubble (1999 to 2000). In addition to the emergence of a number of Internet ventures, numerous Brazilian software houses were formed and have developed, successfully, solutions tailored to the Brazilian market. In addition the Brazilian government has stimulated venture capital investments in the sector through newly formed venture capital firms funded and managed by the BNDES (Brazilian National Development Bank), SEBRAE and private firms. Many of the Brazilian technology firms have successfully accessed venture capital and will be seeking second or third round capital investments.

Telefinance and its partners have significant experience in the sector:

• Advised on the sale of one of the largest Brazilian ISPs.
• Advised a start-up vertical portal development company on capital raising.
• Prepared a valuation analysis on an Internet radio company.
• Assisted in due diligence on a private equity investment in a systems integration and consulting company.