Brazil's Totvs to buy rival Bematech in retail software push

SAO PAULO (Reuters) - Totvs SA, the largest Latin American producer of enterprise software, agreed on Friday to buy Brazilian rival Bematech SA for about 556 million reais ($156 million) in cash and stock, creating a company whose software will cater to more than half the restaurants, retailers and hotels in the country.

from Reuters: Technology News http://ift.tt/1TFOUJr