Stefanini bets big on the IT security market with Bucharest Center
Brazilian IT integrator Stefanini has launched a cybersecurity center in Romania’s capital, Bucharest, with the apparent aim of capitalizing on the rise of outsourced IT security services in the age of remote working.
The news comes less than six months after the Brazilian company acquired a majority stake in Romanian cybersecurity provider Cyber Smart Defense (CSD).
CSD has offices in Dubai as well as in the United States, in addition to Romania, with its clients including Țiriac Holding, Orange, Carrefour, Fildas Group, Pro TV, Gothaer Asigurări, Librabank, Emirates Airlines, Al Habtoor Group.
Together, they now aim to achieve annual sales of US$600 million over the next 3 years.
The cybersecurity service is not new to Stefanini’s portfolio, however. The Brazilian company entered the sector in 2016 by creating a joint venture with the Israeli specialist Rafael Advanced Defense Systems.
According to local media, the IT security department represents only 1% of Stefanini’s turnover. The company’s goal is to increase this share to 5% within the next two years.
“Despite the economic downturn, we have seen some companies double or even triple their cybersecurity budgets, especially in a context of increasing telemarketing, which comes with greater danger,” says Farlei Kothe, CEO of Stefanini EMEA.
“A few years ago, companies were spending a lot on cybersecurity products. In recent times, they are increasingly interested in outsourced cybersecurity services, performed by highly qualified and specialized professionals.