Priya Patel
TLDR:
- Stefanini Group acquires Protega, a Brazil-based security provider, to expand its cybersecurity market presence
- Stefanini plans to invest $200 million in new acquisitions by 2026, with cybersecurity being a priority area
Stefanini Group has acquired Protega, a Brazil-based security provider, to further expand its global cybersecurity market presence. This acquisition marks the 86th technology M&A deal covered by MSSP Alert and ChannelE2E in 2024. Stefanini, with 32,000 employees and a presence in over 2,000 cities and 41 countries, saw an 80% growth in its cybersecurity practice in the previous year, with revenue expected to surpass $40 million in 2024. The company plans to invest $200 million in new acquisitions by 2026, with cybersecurity being a priority area.
Key Points:
Stefanini’s cybersecurity practice grew by 80% last year, expecting revenue to exceed $40 million in 2024.
The acquisition of Protega will allow Stefanini to shield companies from financial and reputational losses amid a growing cybersecurity market.
Protega specializes in managed security services, software and hardware integration, and consultancy in governance, risk, and compliance.
Stefanini Group projects at least $50 million in global revenue in 2024 and has completed nearly 10,000 security projects over 22 years.
The acquisition of Protega strengthens Stefanini’s cybersecurity platform by enhancing its capability, commercial strength, and internationalization.
Stefanini recently hired Orion Czarnecki as the head of cybersecurity for North America/Asia-Pacific to drive growth and success in its portfolio.
