Ideiasnet Sells Braspag to the Silvio Santos Group

RIO DE JANEIRO, June 9 /PRNewswire-FirstCall/ -- Ideiasnet S.A. (Bovespa: IDNT3, Bloomberg: IDNT3 BZ, Reuters: IDNT3.SA), a technology venture capital company that invests in Brazil and Latin America, announces the sale of Braspag, a company specialized in e-commerce operations processing, to the Silvio Santos group which has paid R$ 25 million to acquire 100% of the business.

This is the first major exit by Ideiasnet from a company in its portfolio, focused on stakes in TMT companies. Ideiasnet held a 25% stake in Braspag. The other 75% was divided among the founding partners who set up Braspag in 2005 and will continue as part of the company's management. The Internal Rate of Return (IRR) of the investment made in Braspag stood at 162.6% per year, and Ideiasnet received the equivalent of 26.2 times the amount invested in four years.

Luis Alberto Monteiro Lobato Reategui, Ideiasnet's CEO, declares: "The most important aspect is the profitability achieved with this operation. In a period of four and a half years we have multiplied by more than 26 times the capital invested."

Mr. Reategui states that Ideiasnet will still focus on the e-commerce sector. "We continue to keep investments in this area," says Ideiasnet's CEO. Ideiasnet holds interest in both larger companies, leaders in their segments, and in developing companies with great potential to gain scale and leadership in their sectors.

Aimed at maximizing value for its shareholders, Ideiasnet operates in its investees by sharing experience, promoting synergies among the portfolio, seeking to accelerate the development of their activities and leadership in their segments.

With Braspag's sale, Ideiasnet now has 17 companies in its portfolio. The resources secured from the sale -- R$ 6.1 million (Reais) for the 25% stake -- will strengthen its cash position for future acquisitions.

    Ideiasnet - Investor Relations Contact

    Rodin Spielmann de Sa
    Chief Investor Relations Officer
    investidores@ideiasnet.com.br