SEK buys Netbr, strengthens identity security portfolio

Brazilian cybersecurity firm SEK (Security Ecosystem Knowledge) has acquired Netbr, a So Paulo-based identity and access management provider, as part of its regional expansion strategy in Latin America, Biometric Update reports.

While the financial terms were not disclosed, SEK projects global revenues to surpass 1 billion Brazilian reais or US$185.6 million in 2025 following this and other acquisitions, including Switzerland's Dreamlab Technologies. Netbr founder Andr Facciolli described the deal as a "ten-year investment" that will allow the company's expertise with top Brazilian enterprises to scale across the region.

Operating as Netbr by SEK, the firm brings over 100 specialists and a strong client base that includes Brazil's ten largest banks and key telecom operators. SEK CEO Igor Ripoll emphasized that integrating IAM is crucial, noting that 85% of cyberattacks exploit identity vulnerabilities. The move positions SEK as a more comprehensive cybersecurity provider focused on merging identity and security solutions.