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 by Ricardo Ortiz and led by CEO David Ortiz, 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. 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.
Current Investors
Accel-KKR
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Customer Relationship Management, Logistics Software
Website
www.siigo.com
Verticals
Cloud Computing, E-commerce, FinTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
SIIGO S.A.S. - timeline of key events
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 | BSALE Chile S.A. | - | ||||||||
| Add-on | Completed | Kame ERP | - | ||||||||
| Add-on | Completed | Aspel de México, S.A. | - | ||||||||
| Add-on, Trade Sale | Completed | Memory | - | ||||||||
| Add-on | Completed | Contífico | - |
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SIIGO S.A.S. - employee data
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