ESTELA Continues to Strengthen Regional Reach in Digital Compliance with Acquisition of Peruvian Software Company TCI
Mexico City, MX & Lima, PERU - December 18, 2023
ESTELA, a technological leader in digital compliance in Ibero-America, today announced the acquisition of Peruvian tax compliance software company TCI. ESTELA is a market-leading tax compliance software platform in Latin America. ESTELA is backed by Accel-KKR, a global software-focused private equity firm with US$19 billion in cumulative capital commitments. This acquisition builds on ESTELA's vision to support economic progress in the Latin American region through digital compliance and transparency software solutions.
The tax regulatory landscape of Peru requires mandatory use of electronic invoices among other initiatives. This requirement offers ESTELA with a unique opportunity to combine its expertise in digital compliance in Latin America and solid financial backing with TCI’s extensive e-invoicing experience to meet specific needs of the Peruvian market. Furthermore, with a footprint across Latin America, ESTELA also enables companies with regional operations to meet varying compliance requirements across the region through a single trusted partner.
Patricia Santoni, CEO of ESTELA, remarked, "Peru has one of the most widely adopted electronic invoicing models in Latin America. By integrating TCI's solutions, people, and expertise into ESTELA, we can help even more businesses meet digital compliance and transparency without having to manage complexity on their own, thereby allowing them to grow their business and comply with local regulations with ease. To our valued customers, we have you covered."
This announcement follows ESTELA's recent entry into Peru with the acquisition of DigiFlow in anticipation of growing demand for more efficient electronic invoicing and digital compliance services in the Peruvian market. As companies across diverse sectors seek to comply with increasingly rigorous fiscal regulations and optimize their digital compliance operations, such as electronic invoicing, electronic signature, digital identity, and exchange data interfaces between buyers & providers. ESTELA positions itself as the trusted software provider, offering security and support to its enterprise and mid-market clients, both locally and regionally.
About TCI
TCI excels in digital intermediation, facilitating secure electronic transactions and complying with local regulations in Peru. With 31 years of experience, the company focuses on the country's digital transformation through information and communication technology solutions, strengthening collaboration and competitiveness. More information at www.tci.net.pe.
About ESTELA
ESTELA has emerged as the definitive solution to meet the growing 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.
