Embraer has signed a contract for a capital investment in Tempest Security Intelligence, resulting in a majority interest in the company.
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.
Founded in Recife in 2000, 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. Through the Aerospace Fund, Embraer has enjoyed indirect participation in Tempest since 2016.
Brazil has the second-highest rate of cyber crime in the world, second only to Russia. As a consequence, Brazilian companies lose up to US$ 10 billion a year to cyber crime, which includes financial theft, as well as that of intellectual property and confidential information.
