SIIGO S.A.S.
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SIIGO S.A.S. - overview
Established
1988
Location
Bogota, -, Colombia
Primary Industry
Software
About
Siigo S. A. S. is a technology company specializing in cloud-based software solutions aimed at small and medium enterprises (SMEs) in Latin America, facilitating efficient financial management and compliance with regulatory requirements.
Founded in 1988, Siigo S. A. S. is headquartered in Bogota, Colombia.
The company provides cloud-based software solutions catering to SMEs and underwent a significant change in September 2017 when Accel-KKR invested in the company for a majority stake. The CEO is David Ortiz, and the company was founded by Ricardo Ortiz. Siigo offers a comprehensive suite of cloud-based software solutions for SMEs in Latin America, including electronic invoicing, point of sale (POS) systems, administrative and accounting software, and payroll management solutions. Its invoicing service ensures compliance with DIAN regulations, while the POS system enhances retail customer experiences.
The administrative software aids in managing operations efficiently, and the payroll solution simplifies payroll processing for businesses. In the most recent fiscal year 2023, Siigo recorded a revenue of USD 63. 20 mn and an EBITDA of USD 8. 60 mn, operating on a subscription-based model tailored to the needs of its clients.
Siigo plans to leverage its recent growth capital investment to enhance its product offerings and expand into new markets across Latin America. It aims to develop new software solutions that will further assist SMEs in managing financial operations. The funding from Accel-KKR, received in September 2017, will support these initiatives, helping Siigo to scale its operations and enter additional countries within the region.
Current Investors
Accel-KKR
Primary Industry
Software
Sub Industries
Logistics Software, Customer Relationship Management, Accounting/Finance Software
Website
www.siigo.com
Verticals
Cloud Computing, FinTech
Company Stage
Mature - Growth Capital
Total Amount Raised
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SIIGO S.A.S. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 30,565,592,000 | 29,155,886,000 | 35,242,581,000 | 64,130,239,000 | 86,945,716,000 | 129,055,655,000 | - | - | - |
| % Revenue Growth (YoY) | - | (4.6%) | 20.9% | 82.0% | 35.6% | 48.4% | - | - | - |
| EBITDA (USD) | 1,453,226,000 | (1,658,434,000) | 3,848,401,000 | 9,387,539,000 | 8,183,936,000 | 5,877,503,000 | - | - | - |
| Operating Income (USD) | 410,240,000 | (1,829,042,000) | 3,541,087,000 | 8,859,316,000 | 6,108,715,000 | 3,225,044,000 | - | - | - |
| Operating Margin | 1.3% | (6.3%) | 10.0% | 13.8% | 7.0% | 2.5% | - | - | - |
| % EBITDA Margin | 4.8% | (5.7%) | 10.9% | 14.6% | 9.4% | 4.6% | - | - | - |
| NET Income (USD) | (1,415,595,000) | (5,170,850,000) | 1,266,090,000 | 4,341,033,000 | 3,719,113,000 | 585,204,000 | - | - | - |
| % Net Margin | (4.6%) | (17.7%) | 3.6% | 6.8% | 4.3% | 0.5% | - | - | - |
SIIGO S.A.S. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Aspel de México, S.A. | - | ||||||||
| Add-on, Trade Sale | Completed | Memory | - | ||||||||
| Add-on | Completed | Contífico | - | ||||||||
| Add-on | Completed | ilimitada S.A.S. | - | ||||||||
| Growth | Completed | SIIGO S.A.S. | - |
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