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Ci T Inc. (Brazil)

Main Activities: Custom Computer Programming Services
Full name: Ci T Inc. Profile Updated: May 27, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Portuguese Download a sample report

The Company is a provider of strategy, design and software engineering services to enable digital transformation for some of the world's largest enterprises and fast-growing companies.
The Company, together with its subsidiaries, are mainly engaged in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence (AI), analytics, cloud migration and mobility technologies. It is mainly engaged in the investment, as a partner or shareholder, in other companies, consortia or joint ventures in Brazil, and other countries.
HISTORY:
1995: The Company, CI T Software S.A. was founded in 1995 in Brazil and began working with research and development (R D) companies for software development before expanding to provide technical services to “nearshore” customers.
2021: CI T Brazil entered into a share purchase agreement with Prime Sistemas Fundo de InvestimentosemParticipacoesMultiestrategiaInvestimento no Exterior. On December 31, 2021, CI T Brasil merged Dextra Tecnologia S.A. , Cinq Technologies Ltda., DextraInvestimentos S.A.
The Company is a publicly held company incorporated in the Cayman Islands on June 2021, headquartered at Rua Dr. Ricardo Benetton Martins, 1000, Polis de Tecnologia, in the City of Campinas, State of Sao Paulo, Brazil.
Class A common shares began trading on the NYSE under the symbol “CINT” in connection with its IPO on November 10, 2021.
2022: In January 2022, the Company completed the acquisition of Somo Global Ltd to accelerate its growth in EMEA, the second-largest market for digital services.
In June 2022, the Company completed the acquisition of Box 1824 Planejamento e Marketing Ltda., a strategic consulting firm headquartered in Sao Paulo, Brazil, to accelerate its global strategic capabilities.
In September 2022, the Company completed the acquisition of Transpire Technology Pty Ltd (“Transpire”), an Australian technology consultancy, to enhance our growth in APAC.
In November 2022, the Company completed the acquisition of NTERSOL Consulting LLC (“NTERSOL”), a U.S.-based digital transformation provider, to expand its financial services expertise in North America.

Headquarters
Po Box 309, Ugland House
George Town; Grand Cayman; Postal Code: KY1-1104

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2021
Key Executives
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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Subsidiaries
Ci T Delaware Llc (United States)
Company Performance
Financial values in the chart are available after Ci T Inc. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BRL. Absolute financial data is included in the purchased report.
Net sales revenue
-14.18%
Total operating revenue
-14.2%
Operating profit (EBIT)
-37.72%
EBITDA
-32.06%
Net Profit (Loss) for the Period
-57.22%
Total assets
-6.48%
Total equity
4.75%
Operating Profit Margin (ROS)
-3.86%
Net Profit Margin
-4.31%
Return on Equity (ROE)
-2.24%
Debt to Equity Ratio
-13.72%
Quick Ratio
0.3%
Cash Ratio
-0.12%

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