Embraer today announced the signing of a contract for a majority investment in Brazilian Security Intelligence firm, Tempest.
The largest cybersecurity company in Brazil, Tempest, positions itself as a provider of complete solutions for business protection in the digital world. With offices in Recife, São Paulo, and London, it serves more than 300 clients in Brazil, Latin America, and Europe.
Tempest is one of the companies to receive an investment from the Aerospace Investment Fund (Fundo de Investimento em Participações Aeroespacial – FIP) created by BNDES, FINEP, São Paulo Development Agency (DESENVOLVE SP) and Embraer, the goal of which is to strengthen the aerospace, aeronautical, defense, and security production chain.
Brazil has the second-highest rate of cybercrime in the world, second only to Russia. As a consequence, Brazilian companies lose up to US$ 10 billion a year to cybercrime, which includes financial theft, as well as that of intellectual property and confidential information.
“The cybersecurity market is booming around the globe, and we will continue to invest in the evolution of the portfolio, aiming to always stay ahead of the growing digital threats that impact our customers, by being a reference in Brazil and operating internationally,” says Cristiano Lincoln Mattos, CEO and founding partner of Tempest.