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How TOTVS CEO Dennis Herszkowicz grew TOTVS to $951M revenue and 70K customers in 2021.

Totvs S.A., a software, services and technology company. It develops and markets software solutions which include enterprise resource planning software, customer relationship management software, and supply chain management software. The Company develops enterprise resource planning (ERP) applications for electronically integrating the strategic and operating levels of a user company, and enabling the creation of information flows that include the operating needs and those related to managing information of various areas of the user company. The ERP software can be implemented in various areas, such as administration, finance, industrial, human resources, customer service and others. The Company also offers technological solutions to meet the needs of development, customization, parameterization, and integration with database, assuring platform independence and access to resources, such as service-oriented architecture and Web services. The Company serves various sectors, such as agrib

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TOTVS Revenue

In 2021, TOTVS's revenue reached $951M. Since its launch in 1983, TOTVS has shown consistent revenue growth.

TOTVS Revenue GrowthReported revenue / ARR by year$0$200M$400M$600M$800M$1B19831985198719891991199319951997199920012003200520072009201120132015201720192021$0$951MSource: GetLatka.com
YearMilestone
2021TOTVS Hit $951m revenue in April 2021
1983Launched with $0 revenue

TOTVS Valuation, Funding Rounds

TOTVS's most recent disclosed valuation is $2.9B.

TOTVS is a bootstrapped Other HR Software startup. Founded in 1983, TOTVS has grown to $951M in revenue without raising any venture capital or outside funding.

As a self-funded Other HR Software SaaS company, TOTVS has built its business with no outside investment.

TOTVS Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$119831983 cumulative: $0 • 1983 Founded: $01983 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

TOTVS Employees & Team Size

TOTVS employs approximately 15K people as of 2026, up from 11.3K in 2021.

TOTVS has 15K total employees in different roles and functions and 583 sales reps that carry a quota. They have 70K customers that rely on the company's solutions.

TOTVS Team GrowthReported headcount over time04,0008,00012,00016,00019831985198719891991199319951997199920012003200520072009201120132015201720192021202320250014,97514,975Source: GetLatka.com
YearMilestone
2025Reached 15K employees (July 2025)
2021Reached 11.3K employees (April 2021)

Founder / CEO

Dennis Herszkowicz

Dennis Herszkowicz is listed as Founder / CEO at TOTVS.

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Customers

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Frequently Asked Questions about TOTVS

What is TOTVS's revenue?

TOTVS generates $951M in revenue.

Who founded TOTVS?

TOTVS was founded by Dennis Herszkowicz.

Who is the CEO of TOTVS?

The CEO of TOTVS is Dennis Herszkowicz.

How much funding does TOTVS have?

TOTVS raised $0.

How many employees does TOTVS have?

TOTVS has 15K employees.

Where is TOTVS headquarters?

TOTVS is headquartered in Brazil.

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Compare TOTVS to the industry

TOTVS operates across multiple industries. Browse revenue, funding, and growth data for TOTVS in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .