Menlo Park, CA & Mexico City, March 21, 2023 – Accel-KKR, a global technology-focused private equity firm with $18 billion in cumulative capital commitments, today announced the acquisitions of Mexico-based software companies Pegaso Tecnologia and Indicium Solutions, and Colombia-based Facture. All three companies provide innovative, market-leading software in e-invoicing and tax compliance to thousands of mid-market and enterprise customers across Latin America including Fortune 500 companies, retailers, utilities and business services providers. Together, the companies will form a unified platform to deliver innovation and leadership in e-invoicing, digital compliance and transparency for business customers throughout Latin America.
Accel-KKR has appointed Patricia Santoni as Chief Executive Officer of the combined company, with full responsibility for corporate leadership and the strategic direction of all three businesses.
Phil Cunningham, Managing Director of Accel-KKR said, “E-invoicing and tax compliance are required by governments all across Latin America. We believe Pegaso, Indicium and Facture lead in their respective markets, delivering premium software solutions that help customers do business and comply with regulation with ease and accuracy. Together, the companies now form a strong platform from which to build a unified compliance solution for enterprise customers across Ibero-America. We are excited about the opportunities ahead in the form of delivering product innovations and making strategic acquisitions — all with the goal of serving our customers wherever they do business.”
John Crowell, Vice President at Accel-KKR overseeing its Latin America portfolio, further added, “We are fortunate to have Patricia lead this endeavor as CEO. She truly understands the complexity, and more importantly, the opportunities in running a multinational company with a diverse customer base and rich employee culture. On behalf of the board, we offer a warm welcome to Patricia and to the customers, partners and employees of Pegaso, Indicium and Facture.”
Patricia Santoni, CEO of Pegaso, Indicium and Facture said, “I thank AKKR for their trust and partnership, and more importantly, I thank the talented management and employees of Pegaso, Indicium and Facture for their trust, commitment and energy to deliver incredible value for our customers everyday. Even stronger together, we will create digital ecosystems that help our customers all across Ibero-America to meet compliance, operational and regulatory mandates so they can grow their businesses with confidence. I am very excited about the opportunities ahead, and can’t wait to see the results of what we can achieve together.”
Ms Santoni brings more than 25 years of experience in the technology sector in France, the UK, Iberia and Latin America (including Mexico, Colombia, Peru, Argentina, Chile and Brazil) where she has held top leadership positions. She has led divisions and subsidiaries of such globally recognized companies as Altran, Groupe Open, Micro Focus, HR Access (Fidelity), and Vodafone. Most recently, Ms Santoni was the CEO of Meta4 where she was responsible for the Iberian market including Latin America for enterprise accounts. Patricia grew the business and eventually integrated the business into CEGID. She also serves in advisory roles for various boards and organizations in the technology and insurance industries in Spain and France.
Ms Santoni has been appointed by the French Prime Minister as Foreign Trade Advisor to the French government regarding the ICT sector (Information and Communication Technology) since 2008 – additionally, she serves as a member of the Latin America Commission. Passionate about innovation and cultivating talent, Patricia has spent her career leading transformation in the organizations she leads, resulting in greater competitive advantage and sustainable business growth.
Pegaso Tecnología has been a pioneer in the development of digital tax solutions, which facilitate tax compliance and interoperability for Mexican companies. These solutions promote significant productivity improvements by making digital compliance easier and more accurate for businesses. Pegaso Tecnología offers a world-class service, with high reliability standards, benefiting clients from different industries. Pegaso has years of experience in highly critical implementations for renowned companies, that have been able to comply with tax regulations with minimal impact on their operation. Pegaso has been named among the Best Mexican Companies (MEM) every year since 2016. For more information, visit pegasotecnologia.com.
Indicium is a renowned Mexican company that has specialized in electronic invoicing solutions and digital tax documents. It has designed a central platform for issuing and receiving invoices and digita documents, from which customers and their providers can access comprehensive solutions to manage and comply with government regulations. Indicium has a portfolio of more than 1,000 clients from various industries and sectors, such as the logistics, retail, and automotive sectors, among others. It has large leading clients in their industries, who have entrusted Indicium with the management of their electronic invoicing processes. For more information visit indiciumsolutions.com.mx.
Facture is one of the benchmarks for electronic invoicing and tax compliance in Colombia. It has specialized in developing and offering a suite of comprehensive technological solutions around the issuance and receipt of invoices and electronic documents, which make it easier for Colombian companies to comply with tax regulations. Facture has stood out for providing solutions that adjust to the different needs of companies, which allows it to serve more than 14,000 clients from various industries and segments; highlighting companies in the public service sector, logistics, retail, health, among others. For more information, visit facture.co.
Accel-KKR is a technology-focused investment firm with $18 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, London and Mexico City. Visit accel-kkr.com to learn more.