Bitdefender, a global cybersecurity company, has landed an undisclosed investment from Vitruvian Partners.
Through the deal the European private equity firm has acquired a significant minority stake of approximately 30% from existing shareholder Axxess Capital, valuing the business at over $600m. Following the acquisition, Vitruvian becomes the second-largest shareholder with co-founders Mariuca and Florin Talpes continuing to hold the majority stake.
Bitdefender provides cutting edge end-to-end cyber security solutions and advanced threat protection to more than 500 million users in more than 150 countries. It offers security solutions for both consumers and corporate users, which include government organisations, large enterprises, SMEs, and private individuals.
The company has recently scaled up its international operations, in particular driven by corporate customers addressed by the company’s Enterprise Solutions headquarters in Santa Clara, CA. As a result, more than 40% of sales are currently generated in the US, which continues to be the company’s fastest growing region.
Florin Talpes, Bitdefender founder and CEO, said: “Vitruvian’s extensive experience investing in high growth technology companies endorses our strategy for international growth and in particular the significant investment we are making in building our Enterprise Solutions offering and our presence in the United States.
“We continue to operate with a sound financial footing – this enables us to further expand and broaden our product portfolio and so ensure we stay ahead of cyber criminals to protect better our customers.”
Last month, ReversingLabs, a provider of cyber threat detection and analysis solutions, closed a $25m Series A round. In the cybersecurity space, DATASHIELD was recently acquired by Apollo Global Management-backed ADT. While cybersecurity platform Barracuda Networks snapper up cloud archiving solution Sonian just a few days earlier.
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