TOTVS S.A., a leader in the development and trading of integrated corporate management software and rendering related services in the small and medium business segment in Brazil and in Latin America, announced the acquisition of RM Sistemas S.A.

TOTVS and RM have become the largest business software company in Latin America, with unaudited pro-forma gross revenues and EBITDA of $345 million and more than $52 million, respectively, in 2005. Together they have more than 14,500 clients.

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