LTM plans to invest R$150 m until 2020

LTM, already Brazil's biggest customer loyalty firm for corporate clients, plans to invest R$150 million until 2020 in technology and acquisitions, all in the hopes of growing revenues by 50% and double operating profit. The company will channel R$150 million alone just for acquisitions, says its president and controlling shareholder, Emerson Moreira. Unlike its better-known peers Smiles and Multiplus, which are focused on retail consumers, LTM operates loyalty programs to other companies, including Cielo, Santander, Vivo, Bayer, and Avon. It ended last year with sales of R$700 million, up 27% from 2016.

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