Nuvini (Nasdaq: NVNI) Announces José Mário Ribeiro Jr as Board Adviser
Rhea-AI Summary
Nuvini (Nasdaq: NVNI), the leading serial acquirer of private SaaS B2B companies in Latin America, has announced the addition of José Mário Ribeiro Jr as a non-voting board adviser. With over four decades of experience in entrepreneurship and financial services, Ribeiro has founded more than 30 companies within the Grupo Check. As a former partner and CEO of Adiq, one of Brazil's largest acquiring and payment solutions companies, Ribeiro's expertise aligns with Nuvini's objectives to explore embedded finance opportunities within its portfolio companies.
Pierre Schurmann, CEO of Nuvini, expressed enthusiasm about Ribeiro joining as a board adviser, highlighting his expertise and vision. Ribeiro will offer strategic counsel on various initiatives to support Nuvini's continued success and reinforce its commitment to strengthening its position in the serial acquirer segment.
Positive
- Addition of José Mário Ribeiro Jr as a non-voting board adviser with extensive experience in entrepreneurship and financial services
- Potential for exploring embedded finance opportunities within Nuvini's portfolio companies
- Strategic counsel from Ribeiro may contribute to Nuvini's growth and innovation initiatives
Negative
- None.
News Market Reaction
On the day this news was published, NVNI declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”), the leading serial acquirer of private SaaS B2B companies in Latin America, announced the addition of Mr. José Mário Ribeiro Jr as a non-voting board adviser to Nuvini’s Board of Directors.
With a career spanning over four decades, Mr. Ribeiro brings extensive experience in entrepreneurship and financial services. Throughout his distinguished career, Mr. Ribeiro has founded over 30 companies within the Grupo Check, excelling in technological innovation and financial services.
As a former partner and CEO of Adiq, one of Brazil’s largest acquiring and payment solutions companies affiliated with Banco BS2, Mr. Ribeiro’s expertise and vision in the payments industry will complement Nuvini’s objectives to explore embedded finance opportunities within its portfolio companies, driving both growth and innovation. His strategic insights and proven leadership will be invaluable as Nuvini navigates the evolving market landscape.
“We are honored to welcome José Mario join as a board adviser alongside our directors,” said Pierre Schurmann, CEO of Nuvini. “His expertise and vision align perfectly with our mission to drive growth and innovation.”
Mr. Ribeiro will work closely with the Board of Directors, offering strategic counsel on various initiatives to ensure Nuvini’s continued success.
Nuvini is committed to strengthening its position in the serial acquirer segment and expanding its solid portfolio of B2B SaaS companies across Latin America. The addition of this accomplished adviser reinforces that commitment.
About Nuvini
Headquartered in São Paulo, Brazil, Nuvini is the leading private serial software business acquirer in Latin America. The Nuvini Group acquires software companies within SaaS markets in Latin America. It focuses on acquiring profitable “business-to-business” SaaS companies with a consolidated business model, recurring revenue, positive cash generation and relevant growth potential. The Nuvini Group enables its acquired companies to provide mission-critical solutions to customers within its industry or sector. Its business philosophy is to invest in established companies and foster an entrepreneurial environment that would enable companies to become leaders in their respective industries. The Nuvini Group’s goal is to buy, retain and create value through long-term partnerships with the existing management of its acquired companies. To date, Nuvini Group’s portfolio of SaaS companies consists of Effecti Tecnologia Web Ltda., Leadlovers Tecnologia Ltda., Ipê Tecnologia Ltda., Dataminer Dados, Informações e Documentos Ltda., OnClick Sistemas de Informação Ltda., Simplest Software Ltda. and SmartNX Tecnologia Ltda.
For more information, visit www.nuvini.co
Forward-Looking Statements
Some of the statements contained in this press release include or may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies regarding the future. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on Nuvini. There can be no assurance that future developments affecting Nuvini will be those that we have anticipated. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan,” “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements contained in this press release include, but are not limited to, statements about the ability of Nuvini to: achieve projections and anticipate uncertainties relating to the business, operations and financial performance of Nuvini, including (i) expectations with respect to financial and business performance, including financial projections and business metrics and any underlying assumptions, (ii) expectations regarding market size, future acquisitions, partnerships or other relationships with third parties, (iii) expectations on Nuvini’s proprietary technology and related intellectual property rights, and (iv) future capital requirements and sources and uses of cash, including the ability to obtain additional capital in the future; enhance future operating and financial results; comply with applicable laws and regulations; stay abreast of modified or new laws and regulations applying to its business, including privacy regulation; anticipate rapid technological changes; and effectively respond to general economic and business conditions.
While forward-looking statements reflect Nuvini’s good faith beliefs, they are not guarantees of future performance. Nuvini disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could cause Nuvini's future results, performance or transactions to differ significantly from those expressed in any forward-looking statement, please see the section “Risk Factors” of the Form F-4 most recently filed by Nuvini with the U.S. Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Nuvini.
For further information or media inquiries regarding this partnership, please contact:
Nuvini Investor and Media Contact
Camilla Carrapatoso
ir@nuvini.co
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