The purchase of the São Paulo company's customer portfolio and products is the first acquisition of BluePex after the entry of the KPTL fund
BluePex, a Brazilian company specializing in cybersecurity, availability and compliance solutions, announces the acquisition of the client and product portfolio of Safecyber, which offers Firewall technology to companies throughout Brazil. As of the agreement signed in November, users of Safecyber solutions automatically become BluePex customers.
Headquartered in São Paulo, Safecyber has been operating in the cybersecurity market for over 10 years, with products that help companies combat virtual fraud and cyber threats. Its main solution, the New Generation Firewall (NGFW), offers protection against malware and hacker attacks, and is sold both locally (when the equipment is installed at the client's office), virtually or in the cloud. In total, over one hundred medium and large companies rely on Safecyber products.
According to Jefferson Penteado, CEO and founder of BluePex, Safecyber attracted BluePex’s interest because it has a consolidated client base. “Safecyber’s technology will be part of our Firewall product line. At the same time, the arrival of its client base will open up a series of opportunities for us to offer our “full cyber” platform and grow within this base”, he states.
With the acquisition, BluePex increases its client portfolio by 10%, which now has just over 1,100 companies, mostly medium-sized businesses.
Consolidation
The purchase of Safecyber's assets is the first acquisition made by BluePex since receiving an investment from the KPTL fund, which occurred in 2018. Since then, the company has successfully transitioned its business model – it stopped selling annual licenses for systems and equipment and started operating exclusively with the software and hardware as a service modality, with a commercial focus on companies that have between 50 and 3,000 devices to protect and monitor.
“This process was essential for us to start having monthly recurring revenues and a scalable business model, in addition to consolidating ourselves as the cybersecurity provider that best understands mid-sized companies. Today, BluePex has the necessary solidity to grow both organically and inorganically, through acquisitions”, explains Jefferson Penteado. BluePex is expected to close 2024 with growth of 50% in recurring revenue (MRR), with just over 10% coming from this acquisition.
“This acquisition is the first of a market consolidation movement that we intend to implement throughout 2025, and which was already in BluePex's plans since the moment we received the contribution from our investors”, adds Penteado.
About BluePex
One of the leading Brazilian companies in the information security area, BluePex is certified by the Ministry of Defense as a Strategic Defense Company (EED). With over 20 years in the market, more than 1,100 active clients and around 120,000 protected and monitored devices, BluePex develops information security solutions for the corporate market with a focus on security, control, availability and compliance.
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