Embraer, SPX merge cybersecurity units into R$700M Brazilian player
What's the deal? Embraer, the Brazilian aircraft maker, and SPX Capital, one of the country's largest investment managers, are combining their cybersecurity businesses to form a company with more than R$700 million in annual revenue. The merger, structured mainly as a share swap, unites Embraer-controlled Tempest Security Intelligence with SPX-controlled Vision CybersecurityDealroom has a profile for this one. Try Dealroom →. Together they will have about 900 professionals and more than 600 corporate clients.
Why now? The deal lands as both companies chase scale in a market pressured by a new wave of attacks and the rise of artificial intelligence. The plan is to cross-sell clients, pool threat data, and combine technologies to grow revenue in Brazil and open a path abroad.
What each brings: Tempest, 26 years old, focuses on large clients in finance, health, energy, and retail, offering consulting, incident response, and monitoring. Vision — a 2026 brand built on Vitória-founded ISH TecnologiaDealroom has a profile for this one. Try Dealroom →, roughly 30 years in the market — targets mid-to-large firms with automation tools to serve more clients at scale.
What's the endgame? The companies say client overlap is minimal, opening room for cross-selling across both bases. Tempest's threat data would feed AI models, while Vision's platform automates responses — advancing what the firms call preemptive security.
"These clients, with maybe one or two exceptions, are not the same. So there is a lot of complementarity," said André Fleury, chief executive officer of Vision Cybersecurity (translated from Portuguese).
What changes? If approved, Fleury will lead the combined group; João Lins, current Tempest CEO, becomes vice president of technology and innovation. Brands stay in place initially, as do operations in Vitória, Recife, and São Paulo.
What could go wrong? The deal still needs regulatory approval, including from the Administrative Council for Economic Defence (Cade).
The signal: The merger reflects a push by Brazilian players to gain enough scale to compete with multinationals at home and export their technology. As Fleury put it, "The economic gain lies precisely in the process of complementarity, in expanding markets and competing globally" (translated from Portuguese).
Read more: exame.com
Image credit: crystallinelamp
