Author: Callum Turcan, Research Analyst and M&A Writer - Corum Group
LATAM Tech M&A momentum is being driven by a combination of structural, strategic, and market‑specific forces reshaping how buyers and sellers pursue value. At the center of this momentum are digitization, attractive valuations, cross‑border capital, and a shift toward capability‑driven acquisitions.
Digital innovation is redefining the Tech M&A landscape across Latin America. The market has been consolidating, reflected in the decline in deal volumes from 2021 to 2025. Yet activity is showing signs of stabilization, with 219 transactions announced in 2025—an annual increase of 23%. Momentum continued into early 2026, with 47 additional deals in the first quarter.
So, what’s fueling LATAM Tech M&A?
Buyers are moving decisively to establish a foothold in a region with hundreds of millions of potential customers who primarily speak Spanish or Portuguese, making it easier for companies to expand their services there. Sellers developing next-generation technologies are in high demand, and buyers with deep pockets are willing to offer favorable, flexible deal terms to gain access to innovation, customer bases, secure regulatory approvals, and more.
The takeaway: Tech M&A in LATAM is no longer just about scale—it’s about strategic advantage. Companies are leveraging acquisitions to strengthen competitive moats, speed up innovation, and reinforce market leadership.
Next, we explore six major trends shaping LATAM dealmaking today, including managed IT services, food distribution, AI, FinTech, cybersecurity, and supply chain management.
Starting with our first trend, managed IT services. Organizations require technical expertise to implement new technologies, keep networks secure, and minimize unplanned downtime caused by IT failures. Showcasing this trend, 2S Inovações Tecnológicas, a Brazilian company with deep expertise in managed services and related technologies, was scooped up by India’s Black Box in February for $30 million to expand into the Brazilian and other markets in the region.
Moving on to our second trend, food distribution. Large populations need effective, efficient ways to distribute food, and tech can go a long way toward supporting those efforts. Highlighting this trend, Alima, a Mexican startup modernizing food distribution for small distributors, was purchased by US-based Pepper in March to create a platform that distributors rely on to run all their core operations.
Pivoting to our third trend, AI. Companies are leveraging agentic AI by focusing on markets where autonomous agents would be effective. Illustrating this trend, Dhauz, a Brazilian firm offering agentic AI solutions, was picked up by US-based Quantum Rise in February to deliver end-to-end AI, data, and automation solutions across markets including healthcare, construction, and consumer.
There is substantial Tech M&A deal activity currently, following the market rebound from 2024 to 2025 and into the first quarter of 2026, across the board.
Shifting to our fourth trend, FinTech. Buyers are eager to pick up firms with regulatory approval to accelerate their entry into new markets. Showcasing this trend, Newpay, an Argentinian provider of multi-network infrastructure, real-time payments services, an ATM network, and a bill payment platform, was bought by US-based Visa in February to accelerate the deployment of advanced technologies.
Our fifth trend is cybersecurity. Keeping private information secure is paramount in any region. Highlighting this trend, Brazili’s Vision Cybersecurity, a spinoff of Ish Tecologia, was acquired by Brazil-based SPX Capital for a $73 million investment. The company will focus on private-sector contracts and intends to deploy additional AI capabilities within the firm to bolster its threat detection.
Lastly, our sixth trend is supply chain management. Illustrating this trend, Corum client Suplos, a Colombian company that specializes in delivering an integrated cloud-based system to automate the supply chain, was acquired by UK-based Vesta Software Group, a division of Constellation Software, in February to expand its presence the LATAM market and further scale the firm.
Now, let’s check out how AI is being deployed and implemented across the Latin American market.
