Tivit Hires M&A Exec

Brazilian IT company Tivit has hired Andre Guimaraes Frederico as head of M&A and strategic planning. Frederico had previously been financing director at BRQ, another Brazilian IT services company, and had worked at Merrill Lynch and Patria Investimentos. Global PE firm Apax recently bought a 54.25% stake in Tivit from controlling shareholders Votorantim Novos Negocios and Patria Investimentos in May. “My job will be to confront the challenge of helping a technology giant continue to grow through a mix of organic and inorganic growth appropriate for the company,” says Frederico.