Private equity group Vitruvian Partners confirms to purchase a stake of approximately 30% in Bitdefender, in a deal that costs the Bucharest-headquartered cyber security company for more than $600 million. The investors are still backing up the domain after continuous data breaches and hacks. Norton Cyber Security Insights Report, a cybercrime is defined as one or more of the events listed You can get more information on Norton.com/Setup.
Bitdefender, Romania’s largest software company says its antivirus software, along with other security solution is serving the security needs of more than 500 million internet users worldwide. This is what makes it one of the biggest anti-virus software companies along with Norton, Kaspersky Lab and McAfee. An estimate of 38% of global cyber security products utilizes Bitdefender software in some form.
Transaction shows the quick growth and scale of our business, said Chief Executive, Florin Talpes. He also adds that Vitruvian’s experience would definitely aid the company increase its present in the United States. The investment of the cyber security domain is winning the backing of investors after a rapid increase in the high-profile attacks, including the WannaCry and Petya that has affected some of the biggest businesses across the globe.
A Boston-based start-up named Cybereason, a cloud security platform, CrowdStrike, a next gen anti-virus software developers, Cylance alongside Illumio earned $100 million or more in past few months. Mr. Talpes founded his first anti-virus company named Softwin, 1989 while he was working as a computer science researcher in Bucharest. He told the FT in 2016, that he and his wife Marluca will remain majority shareholders in Softwin. He would only ask a minority investor for his company. This would be a preliminary step towards an initial public offering.
Bitdefender’s achievements are directly in line with what we seek for new investments, said Stephen Byrne. He also said that the support of exceptional management teams in business that shows an important opportunity to create strategic value.