Stefanini Group acquires Safeway to bolster cybersecurity platform
SÃO PAULO, BRAZIL — Stefanini Group announced it had acquired a majority stake in cybersecurity consultancy Safeway.
The move would boost Stefanini’s position in the growing global cybersecurity market.
“We can make a difference at a time when threats of attacks are growing and organizations need to strengthen their security posture,” said Safeway CEO Umberto Rosti who remains at the helm of the operation.
Cybersecurity spending worldwide, including enterprise products and services, is projected to rise by 13.2% in 2023 and may reach US$223.8 billion, with cybersecurity services exceeding product shipping, according to Canalys’ latest forecasts.
Safeway’s solutions will complement Stefanini’s existing offerings on the following fronts: cybersecurity, analytics and AI, banking and payments, and consulting, among others. Servicing 200 clients, Safeway has over 450,000 hours of fraud and cyber-attack prevention consulting.
Last year, Stefanini closed with global revenues of R$6.2 billion (US$1.1 billion). The group expects its current investment plan to result in double-digit growth.
“We expect our cybersecurity platform to grow by 50% in 2023, especially with the arrival of Safeway and the increase in operations abroad. Our goal is to bring resilience to enhance the security of our clients’ digital transformation projects,” said Stefanini Group founder and Global CEO Marco Stefanini.
With its presence in 41 countries, Stefanini Group is hailed as the fifth most internationalized Brazilian firm, according to Fundação Dom Cabral (FDC) Ranking.
