Selling for Growth, Not an Exit: Why Nydus Chose Volaris for Its Next Chapter

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Headquarters: São Paulo, Brazil
Acquisition Date: February 2025
Vertical Market: Human Capital Management
Website: https://nydus.com.br/

Founded in 1991 by Adalberto Argente, Nydus has been delivering smart, intuitive HR technology solutions for over three decades. Rooted in the belief that human capital is an organization’s most valuable resource, Nydus carved out a niche in the Brazilian market by creating a comprehensive HR ecosystem tailored to local legal, administrative, and strategic needs. From automated eSocial capabilities to real-time labor law updates, Nydus offered clients not just software, but a partnership in navigating the complexities of HR.

The Decision to Sell

After more than 30 years of managing the business independently, Argente began to question how far Nydus could grow without external support. “As things stood, I realized we wouldn’t be able to grow at a faster pace,” he reflected. The business had evolved considerably since its inception. From DOS-based payroll solutions to an advanced web-based HR platform but future scalability required deeper resources, expanded networks, and strategic oversight.

When Volaris Group first reached out in 2021, the timing wasn’t right. But by July 2024, Nydus was ready to explore new possibilities. Volaris stood out as a long-term buyer that didn’t sell the companies it acquired and offered a global community of like-minded software businesses. Their approach aligned perfectly with Argente’s vision: to remain involved in the business while elevating Nydus to a new level of operational excellence and reach.

I was looking for a buyer that would allow me to remain in the business and that would bring a solid management background.
– Adalberto Argente, GM of Nydus

The decision to sell wasn’t about an exit; it was about growth.

Why Volaris

For Nydus, choosing Volaris wasn’t just about finding a buyer, it was about aligning with a long-term buyer that shared its values and vision for sustainable growth. Volaris’s proven track record of acquiring and supporting software companies worldwide, its commitment to never resell acquired businesses, and its deep operational expertise all stood out.

The Volaris model offers founders the opportunity to stay on and continue leading, while gaining access to best practices, a global peer network, and strategic guidance. For Nydus, this was more than an acquisition, it was a chance to scale with confidence, backed by a stable, experienced organization dedicated to long-term success.

The Acquisition, Integration and Transition

In February 2025, Nydus officially joined Volaris Group. The acquisition marked a milestone in the company’s history as the beginning of a more ambitious growth phase. Volaris’ global footprint and proven track record reassured the Nydus leadership team that they were joining a network with both stability and vision.

The post-acquisition integration process has been smooth and empowering. Nydus began adopting Volaris best practices under the guidance of their group leader, whose experience and strategic insight were described by Argente as “enviable.” Weekly meetings to track business opportunities and access to Volaris materials offered immediate value.

A particularly impactful change was how Nydus approached team management. “Understanding how to properly size human resources has been very beneficial,” said Argente. While employees are still adjusting to some of the changes, the sense of long-term opportunity has energized the team.

Early Wins and Unexpected Benefits

Though still early in the post-acquisition journey, signs of transformation are already visible. The ability to benchmark against other Volaris companies and participate in shared learning platforms has sparked new ideas and momentum. Nydus’ top clients responded positively to the acquisition, viewing it as a sign of the company’s strength and maturity.

“They realized that Nydus has become even stronger, and this is very positive.” – Adalberto Argente, GM of Nydus

Future Growth

With the integration phase underway, Nydus is now focused on several key initiatives for 2025 and beyond:

  • Strengthening the Sales and Marketing team
  • Enhancing the existing HR platform
  • Expanding market presence across Brazil
  • Elevating customer service standards
  • Developing internal talent and future leaders using Volaris frameworks

Argente also sees Volaris’ long-term investment as a springboard to significantly increase Nydus’ market share.

My expectation is to see the company grow even more, and through the integration processes we are going through, where we are implementing Volaris practices, the results are already showing.
– Adalberto Argente, GM of Nydus

Advice to Other Founders

After 34 years of leading Nydus independently, Argente is embracing his new role within a broader support network. “I managed in isolation based on instinct for so long,” he said. “Now I have access to mentorship and a community that’s invested in our success.”

When reflecting on his M&A journey, Argente offered grounded advice to fellow software leaders: selling your company is as much an emotional decision as a strategic one. It requires a candid look at how far you can realistically take the business alone. For those seeking a buyer that will preserve their legacy and accelerate future growth, not dismantle it, he recommends carefully vetting acquirers. Volaris stood out as the ideal choice because of its long-term commitment to the businesses it acquires and its willingness to keep founders at the helm.

When asked what he’d tell other business leaders considering selling their company, Argente emphasized the importance of alignment over payout.

You have to decide if you want to take the money and walk away—or if you want to see your business grow under someone who won’t resell it and will let you stay on.
– Adalberto Argente, GM of Nydus

What to Expect from the M&A Process

Looking back, Argente acknowledged that one of the most eye-opening stages of the M&A process was due diligence. Despite having a clear understanding of his operations, the process revealed critical areas that demanded deeper insight and documentation. It was a humbling and instructive experience; one he believes all founders should prepare for. Still, thanks to an organized foundation and a willingness to learn, Nydus navigated this phase successfully, emerging stronger and more aware of what it takes to scale within a global organization.

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