Stratus Group’s portfolio company, Senior Solution, has become the first private equity-backed company to list on the BOVESPA MAIS segment – the AIM or NASDAQ equivalent – of the Brazil’s BOVESPA exchange.
Founded in 1996 by Bernardo Gomes and Luciano Camargo, Senior Solution – an IT company which specialises in software provision for financial institutions – received an influential minority investment from Stratus in 2005. The company has approximately 150 clients including the top 10 banks in Brazil. It also counts insurance companies, asset managers and brokerage houses among its clients.
Stratus and BNDES, the Brazilian Development Bank, have supported the Company throughout the years to implement its growth strategy, both organically and by acquisitions. Senior Solution has acquired five other software companies, with complementary products.
Alberto Camões, Managing Partner of Stratus and Chairman of Senior Solution, says: “As in many other sectors in Brazil, the role of private equity is to foster growth – not only with the supply of capital, but also by supporting the selection and negotiation of targets for acquisition. I feel extremely positive about the company’s continued development as it lists on the BOVESPA MAIS.”
Bernardo Gomes, Founder and CEO of Senior Solution, says: “Senior Solution’s public listing on the BOVESPA MAIS marks the initiation of a new stage of the company’s development. We look forward to employing an intense growth strategy to maintain and further develop our position as the leading Brazilian player in the financial software field.”
