Clairfield advises Locaweb on the acquisition of Credisfera

Locaweb is a Brazilian pioneer and leader in IT hosted services. The company serves users ranging from individuals to large corporations through three business verticals:

• Internet, which offers hosting services, domain registration, reseller hosting, solutions for e-mail outsourcing and e-commerce.
• Data center, which offers cloud computing solutions, dedicated servers and secure room, besides specialized IT outsourcing services.
• Communication, focused on offering VoIP telephony through virtual PABX services and a virtual call center.

Locaweb was founded in 1998 and had a successful IPO in 2020. Following its debut on the stock market, company shares soared over 600%. The company has approximately 900 employees. In 2020 Locaweb reported sales of BRL 488 million (USD 86million).

Credisfera is a fintech with a long history in the Brazilian credit market and an extremely sophisticated platform for offering credit to SMEs.

As a pioneer in cloud-based services, Locaweb was a clear winner in the pandemic as companies moved to cloud-based service offerings. The company was cash-rich following a buoyant performance on the stock market.

More about company strategy: maximize customer base, expand range ofservices, and diversify portfolio. Locaweb’s strategy in acquiring this Credisfera was to offer an integrated solution bringing together Credisfera’s technological capacity and credit intelligence, with the huge customer base that uses the Locaweb platforms to sell and receive online.