Visma has bought Dootax and Pag Útil, two Brazilian SaaS companies whose combined platform handles fiscal automation and tax payment execution, deepening the Nordic software group's foothold in Latin America as Brazil prepares to consolidate five taxes into a dual-VAT system.
The acquisitions mark Visma's third move in Brazil within twelve months, following its purchases of Conta Azul and MaisMei. Dootax automates the full tax workflow for small and mid-sized businesses — covering payments, certificate management, electronic invoice processing, and fiscal mailbox monitoring — through a proprietary rules engine built for Brazil's layered regulatory environment. Pag Útil takes that infrastructure downstream into payment execution, centralising federal, state, and municipal tax settlements alongside boletos, utility bills, and batch disbursements with automatic reconciliation.
Timing matters here. Brazil's constitutional tax reform will consolidate five existing levies into a dual-VAT structure over a seven-year transition period. Businesses navigating that change will need automated compliance infrastructure that tracks shifting rates and filing requirements across jurisdictions — precisely the gap Dootax and Pag Útil were built to close.
Brazil is undergoing a major tax transformation, and businesses need partners they can rely on to manage that complexity,
This move gives rise to something unprecedented: a single platform that connects the tax world to the financial world end-to-end. It is the right technological response at the right moment,
Visma reported €2.8 billion in revenue for 2025 and counts more than 2.5 million customers across Europe and Latin America. The Pag Útil portion of the deal remains subject to approval by the Brazilian Central Bank.
