Visma, the Norwegian business software group, announced on May 13, 2026 that it would acquire Dootax, a Brazilian tax-automation software company, together with Pag Util, a fintech that handles tax and bill payments for businesses. Visma did not disclose the price or other financial terms.
The purchase of Pag Util still needs the usual closing conditions, including approval from Brazil's Central Bank. Visma said the two companies already offer a combined platform that links tax compliance with payments, and that it plans to keep building on that combination.
Dootax is run by chief executive Yvon Gaillard and Pag Util by chief executive Marian Canteiro. The release did not say whether either company would change its name or how many employees would join Visma.
What Dootax built
Dootax was founded in 2018 and is based in Sao Bernardo do Campo, in Sao Paulo state. Its software automates routine tax work for small and mid-sized companies under Brazil's tax rules. It covers paying taxes, managing digital certificates, monitoring the electronic mailboxes that tax authorities use to contact companies, issuing and storing invoices, and tracking compliance tasks. The platform runs on its own robotic process automation engine.
The company serves about 1,000 clients across Brazil, according to Visma. Startups, a Brazilian business news site, named Magalu and Shopee among them and reported that Dootax processes about R$6 billion (roughly $1.1 billion) in taxes each month.
Pag Util, the second company in the deal, brings federal, state and municipal tax payments together with boletos, utility bills and batch payments, and reconciles them automatically. Visma did not give a client count for Pag Util.
Visma called Pag Util one of the leading providers of payment intelligence for companies operating in Brazil. Together, the two businesses cover both sides of a tax bill: Dootax works out and tracks what a company owes, and Pag Util pays it and records the receipt.
“Brazil is undergoing a major tax transformation, and businesses need partners they can rely on to manage that complexity,”
Why Visma is buying
Visma tied the deal to Brazil's tax reform. A constitutional change will fold five existing taxes into a dual value-added tax system, with a transition period of seven years.
Steffen Torp, Visma's chief commercial officer, said in the release that Brazil was going through a major tax change and that businesses needed reliable partners to handle it. He described the capabilities of Dootax and Pag Util as complementary. Gaillard and Canteiro said together that the combined business would offer one platform connecting tax and finance from start to finish.
Visma said the deal extends its Brazilian business into small, medium and mid-market companies. The group reported 2025 revenue of EUR2.8 billion (about $3.2 billion) and more than 2.5 million customers in Europe and Latin America.
Portal da Reforma Tributaria reported that Visma expects compliance to become more complex as Brazil moves to two new levies, the IBS, a tax on goods and services, and the CBS, a contribution on goods and services. Visma described the tax automation and payment capabilities that Dootax and Pag Util have built as critical for companies going through that change.
Visma's third Brazilian deal in a year
This is Visma's third acquisition in Brazil within 12 months. Startups reported that Visma bought accounting software company Conta Azul in August 2025 for about $300 million, and MaisMei in February 2026.
Law firm Mattos Filho advised Visma on the Dootax and Pag Util transaction, while FM/Derraik advised the two sellers, according to Startups. The release did not disclose how the deal was paid for.
The funding
Neither Visma nor the Brazilian press coverage reported outside funding rounds or named investors for Dootax or Pag Util. Revenue and headcount figures for the two companies were also not disclosed.
Brazilian outlet Reforma Tributaria also linked the purchase to expected demand from the tax reform. Until the Central Bank approves the Pag Util part of the deal, Visma has not completed the acquisition of both companies.
