Brasil Bolsa Balcão to invest $108m in TFS Soluções em Software.

Brasil Bolsa Balcão, a stock exchange, agreed to invest $108m in TFS Soluções em Software, a provider of software solutions for the financial services segment. Upon the completion of capital increase, B3 will hold a minority interest of 37.5% in TFS capital stock, and its parent TOTVS will remain the controlling shareholder. "With independent and renewed management, a net cash position of R$650 million, total autonomy and focus on the effervescent segment of B2B technologies forthe financial market, TFS, with the support of two relevant players - TOTVS and B3, intends to be the main player offering B2B technology solutions for the financial sector. The implementation ofthis strategy involves expanding its investments in innovation and increasing the portfolio of solutions and customers, through organic developments, partnerships and acquisitions," B3.