Sonae IM has merged its cybersecurity units S21Sec and Nextel to enhance its position in Iberia and Latin America, aiming to create a leading European cybersecurity entity.
Information on the Target
S21Sec and Nextel are two prominent players in the cybersecurity sector, with S21Sec being a pioneering cybersecurity firm in the Iberian Peninsula and a strong presence in Latin America. The company is recognized for its innovative suite of managed and professional services, all of which are supported by its proprietary platforms. Nextel, with over 30 years of experience, is well-regarded in Spain for its auditing and consulting services, as well as for the delivery of advanced cybersecurity solutions.
This merger aims to leverage the strengths of both organizations, creating a formidable entity positioned to address the increasing demand for cybersecurity services in both Iberia and Latin America.
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Industry Overview in the Target’s Specific Country
The cybersecurity industry in Spain has witnessed significant growth over the past few years, driven by the rising number of cyber threats and increased awareness of dat
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Sonae IM
invested in
S21Sec and Nextel
in 2018
in a Joint Venture deal