Stefanini Group is expanding further into the global cybersecurity market with the acquisition of Brazil-based security provider Protega.
These are the 86 technology M&A deals that MSSP Alert and sister site ChannelE2E have covered so far in 2024. Listed here are his 2,000+ technology M&A deals from 2024, 2023, 2022, 2021, and 2020. Terms of the deal were not disclosed.
Stefanini has 32,000 employees and a presence in more than 2,000 cities in 41 countries across the Americas, Europe, Australia and Asia. Our global headquarters are located in São Paulo, Brazil, our European headquarters are in Brussels, and our North American headquarters are in Detroit.
Stefanini's cybersecurity practice grew 80% last year, and projects are expected to continue strong growth in 2024, with revenue exceeding $40 million, according to the company.
Marco Stefanini, Founder and Global CEO of Stefanini, said: “As part of our aggressive investment plans over the next few years, we have made the cybersecurity sector one of our priorities and are targeting 200 million yen in new acquisitions by 2026. We will allocate dollars.” “As the cybersecurity market continues to grow, this acquisition will enable us to proactively protect businesses of all sizes across many industries from financial and reputational loss.”
Protega drives cyber market growth
Stefanini Group expects global revenue of at least $50 million in 2024, and the company says it has completed approximately 10,000 security projects and more than 360,000 protected corporate devices over the past 22 years. . Protega therefore helps Stefanini better serve its clients in an era of increasingly sophisticated cyber-attacks.
With offices in Brazil and New York City, Protega specializes in managed security services, software and hardware integration, and governance, risk, and compliance consulting.
“This merger will strengthen the capabilities, commercial strength and internationalization of Stefanini Group's cybersecurity platform,” said Luis Gestavo Pereira, co-founder and CEO of Protega. said. “Our teams have complementary areas of expertise, so we are ready to provide cutting-edge cybersecurity services to existing and new customers.”
Stefanini recently hired Orion Czarnecki as head of cybersecurity for North America/Asia Pacific “to ensure the continued growth and success of the portfolio.”
Stefanini explores partnerships and acquisitions
In May 2023, Stefanini Cyber Defense announced its Shield-IoT Coreset-AI asset management and threat prevention platform to help customers protect IoT and Industrial IoT (IIoT) devices, applications, and networks from cyber-attacks. MSSP Alert reports that the company has announced that
This new service allows users to generate security alerts and analyze device-to-cloud traffic statistics to detect cyberattacks before they disrupt networks, data, and IoT or IIoT services. It also provides insight into different types of security events and their severity to minimize the risk of data theft, ransomware, and critical infrastructure attacks.
In March 2023, Stefanini Group acquired cybersecurity company Safeway Consultancy. Safeway then joined Stefanini's Cyber Smart Defense business with Stefanini Rafael, a joint venture with RAFAEL, an Israeli technology company focused on military security.
Commenting on the acquisition of Protega, Safeway CEO Humberto Rosti said: “The acquisition of Protega, one of the largest integrators of well-known manufacturers such as Fortinet and Trend Micro, significantly strengthens our cybersecurity platform and strengthens our strategy to provide comprehensive cybersecurity services. “A compliance enabler for GRC and our customers around the world. This acquisition not only expands our cybersecurity market share, but also enables our platform to meet the needs of our customers' businesses with its incredible flexibility. We are confident that we will be strengthened by our ability to meet these demands.”
