Imovelweb buys outstanding shares of Union Software
11 Aug 2017
Brazilian real estate classified portal Imovelweb, from the Navent group, told the AIM Group it had acquired the remaining 40-percent stake in local software company Union Software for an undisclosed price.
However, according to Imovelweb CEO, Mateo Cuadras, despite owning a controlling stake in Union Software, the Brazilian vertical wasn’t 100 percent involved in the company’s management.
“Now we’re going to fully assume the management of Union Software,” he told us in a quick phone call.
Cuadras said the company’s two founders will remain at Union for a further two years.