NEC acquires Brazilian cybersecurity firm Arcon
NEC Corporation has announced the acquisition of Brazilian firm Arcon Hardware as part of a strategy to strengthen its security offering.
Arcon, a cybersecurity company established 21 years ago, will now operate as a subsidiary of the Japanese tech firm in Brazil.
According to NEC, dealings between both companies had started a a few months ago and the deal is in line with the firm's plans of focusing on security as a key pillar of its business strategy. It is also aimed at integrating the portfolio of both companies, since both offer complementary services.
"We intend to proactively create synergies between the companies, in order to add value to the provision of full security solutions to existing and future customers. Brazil has very sophisticated information technology systems, so we see a broad market for information security offerings," says NEC Brazil president Daniel Mirabile.
Current Arcon president Marcelo Barcellos will retain his current role. According to the executive, the Brazilian company has been focusing on the local market, with the development of end-to-end cybersecurity products, standing out as one of the largest Brazilian companies by market share within the segment.
"We are delighted with this partnership and we are certain that it will bring great benefits to our customers and employees," says Barcellos.