Brazil’s federal data processing service Serpro is targeting technology startups as part of a strategy to diversify revenue streams.
The company is one of the assets the government is looking to privatize. Serpro’s president, Caio Paes de Andrade, was brought in by economy minister Paulo Guedes to boost its value and increase attractiveness to investors.
Serpro provides systems across all government bodies and is staffed by about 6000 employees. The massive IT estate overseen by the firm includes all the tax-related information on individuals and businesses.