Thomson Reuters Acquires Gestta

Thomson Reuters announced that it has acquired Gestta Technology Ltda. (“Gestta”), an accounting automation software, formerly part of the Redspark Group.

Founded in 2016, Gestta’s accounting software solution enables its customers to automate their workflows, people management, customer service, and secure document archiving, among other capabilities. Over 600,000 companies are registered in Gestta’s firm customers’ systems. Thomson Reuters and Gestta announced an integration of their solutions in January 2021, to maximize value generated for customers.

“As accounting firms everywhere continue to experience great shifts and transformation, this acquisition will allow us to better provide them with the integrated, automated solutions they need to navigate change and work effectively. Thomson Reuters and Gestta share a passion and commitment to excellence, and we look forward to working together to provide quality products that are essential to our customers’ practices,” says Adrian Fognini, Managing Director, Thomson Reuters, Latin America.

“We share a mission to use technology to simplify accounting professionals’ routines, saving their essential resources to face challenges and act in a more consultive way. By joining Thomson Reuters, we will be able to go even further, helping professionals navigate through new challenges”, says Rafael Martinelli, founder and CEO of Gestta.

Financial terms of the acquisition were not disclosed.

Thomson Reuters

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