Starian, a spin-off from Softplan, has acquired whistleblowing platform Contato Seguro to enhance its compliance offerings and drive growth in Brazil's technology sector.

Information on the Target

Starian, a recent spin-off of Softplan, has announced its acquisition of Contato Seguro, a leading firm specializing in corporate whistleblowing channels. This acquisition marks a significant development for Starian as it seeks to enhance its eco-system of software solutions with a focus on governance and compliance, representing its fourth business vertical. The move is part of Starian's broader strategy to develop a comprehensive Software as a Service (SaaS) ecosystem tailored to specific industries. This acquisition follows a significant investment of R$ 640 million from General Atlantic and is indicative of the growing importance of software companies in traditionally support-oriented areas.

Contato Seguro operates utilizing its proprietary technology and subscription-based model, serving more than 3,000 clients, with projected net revenues of R$ 65 million by 2025, reflecting a remarkable 39% growth year-over-year. The acquisition is currently pending approval from the Administrative Council for Economic Defense (Cade), and the financial terms of the deal have not been disclosed.

Industry Overview in Brazil

Brazil's technology sector, particularly in software and digital solutions, has been experiencing robust growth driven by an evolving market landscape and increasing regulatory requirements. Companies are increasingly recognizing the need for compliance and e