ESTELA Expands Its Position as the Leader of Digital Compliance in Ibero-America with Two New Acquisitions
Mexico City, MX, Santiago, Chile and Lima, Peru
November 22, 2023
ESTELA, a leader in digital compliance technology platform in Latin America, today announced the acquisition of Chilean software company DB Net and the Peruvian software company, DigiFlow.
ESTELA is backed by Accel-KKR, a global private equity firm with USD19 billion in cumulative capital commitments and solely focused on software companies and tech-enabled services.
DB Net and DigiFlow offer leading software solutions in electronic invoicing and fiscal compliance to thousands of enterprise customers in Chile and Peru. Together, they serve diverse sectors including distribution, logistics, public services, and business services.
“We help thousands of mid-market and enterprise customers do and grow business with ease, even as digital, tax and fiscal compliance become mandated in more countries across Latin America,” said Patricia Santoni, CEO of ESTELA. “The addition of DBNet and DigiFlow expands our reach into the Southern Cone and brings us even closer to customers in this part of the continent. Our growing footprint means customers can continue to count on us as they expand their businesses into Chile, Peru and beyond.”
ESTELA, born from the combination of five trailblazing electronic invoicing and EDI companies in Latin America, emerges as a leading player for digital compliance across Ibero-America. With a dedicated team of more than 700 professionals spread across seven countries, ESTELA plays a pivotal role in fortifying economies through compliance and transparency by championing a unified digital standard across Ibero-America. DBNET and DigiFlow extends ESTELA’s market leading solutions to Chile and Peru.
ESTELA delivers on its mission of ensuring digital compliance by upholding its customer values of speed, reliability, simplicity, and innovation. These attributes have made ESTELA the preferred partner for numerous industry leaders in Ibero-America – ESTELA handles more than 1.5 billion financial transactions annually.
John Crowell, Head of Latin America and Iberia at Accel-KKR, commented, "ESTELA has a unique opportunity to unite disparate digital and fiscal compliance technologies and solutions across Latin America into one, single, unified platform to serve leading enterprise customers doing business across the region. We are excited to support these two new acquisitions, which expands ESTELA’s geographic footprint and market expertise further across Latin America.”
About Dbnet
DBNet, as a leader in B2B electronic invoicing, represents technological progress and adaptability. With a team of 150 employees spread across three countries and a corporate client base of 1,500+, its trajectory has been a testament to excellence. For more information, visit www.DBNetcorp.com.
About Digiflow
DigiFlow has established itself as a pioneer of digital compliance in Peru, serving more than 700 corporate clients and reinforcing its leadership position in this field. Discover more at www.DigiFlow.net.
about ESTELA
ESTELA has emerged as the definitive solution to meet the escalating need for a digital compliance leader in Ibero-America. This dynamic platform is composed of the leaders and pioneers in electronic invoicing, operational, tax, and logistics compliance across Latin America. ESTELA serves as the ultimate "one-stop shop" for large local and regional corporations in Ibero-America. More information at [www.estela.com].
about Accel-KKR
Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line 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.
