The company was founded in 1983 as Microsiga Software development software. From 1997 the company started to expand, initially in South America and then further afield. The company name was changed to TOTVS in 2005. The following year TOTVS became the first Latin American IT company to IPO in the São Paulo Stock Market (Bovespa). In 2012, TOTVS Labs was set up in Silicon Valley, USA. Throughout its life the company has been in acquisition mode.
TOTVS ERP provides accounting, business intelligence, human resources, inventory, maintenance, manufacturing, project management, and supply chain functionality for small/medium businesses. The solution is based on a Windows platform and there is mobile support for Android and iOS as well. The product is sold in South America and The USA.