Keyrus Expands It’s Digital Commerce Offering With a Strategic Investment in Latin America

Keyrus makes a strategic investment in Codeby, a global strategic partner of VTEX, a SaaS digital commerce platform

Keyrus, a global leader in data intelligence, digital, and business transformation consulting, announces a majority investment in the capital of Codeby, a Brazilian company specializing in multi-channel e-commerce consulting.

For Keyrus, this investment in Codeby represents a strategic opportunity to partner with the visionary SaaS E-Commerce platform, VTEX, expanding its portfolio and reinforcing its leadership in B2B and B2C Digital Commerce solutions and marketplaces implementation. “By welcoming Codeby within the Keyrus Group, not only we are strengthening our positioning in LATAM, but we are also accelerating our fast-growing Digital Commerce practice globally thanks to the footprint of Codeby in North America and in EMEA.” states Marc Stukkens, Executive VP of Keyrus Group.

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Founded in 2014, Codeby, a global strategic partner of VTEX, counts 80 employees, a revenue of USD 2,5 million and over 30 global clients. “For Codeby, this union with Keyrus is a unique opportunity to accelerate our international expansion and develop our base of enterprise clients” analyzes Codeby Founder, Fellipe Guimarães.

“There is a great cultural fit between our two companies, we are very excited to start this new journey, we have so much to offer each other. We look forward to bringing our unique market perspective” says Victor Almeida the Cofounder.

VTEX, the enterprise digital commerce platform for premier brands and retailers with 20 operating locations and 1,600 employees worldwide, sees this acquisition as a huge potential for new business and accelerated growth.

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“Since my first position at VTEX back in 2015, Codeby has always been at the top of mind when it comes to recommending Partners. Now, almost 7 years later, I keep introducing them to our most strategic clients. I can only see this acquisition as an opportunity to boost even more this very talented team, by reaching new clients, new types of projects and even new geographies.”, points out Daniela Jurado, EMEA General Manager of VTEX.

“Keyrus and Codeby complementarities in terms of digital portfolio, technology partners, geographies as well as in corporate culture, will allow us to confirm our position as global leader in Digital Commerce with over 200 online stores and clients globally “, concludes Stephan Samouilhan, CEO Keyrus Latam.