BitDefender® announced today it has
received $7 million (US dollars) in capital that will be used to support
efforts to advance the company’s position as a worldwide leader in the
antivirus and data security market.
A global provider of award-winning antivirus software and data security
solutions, BitDefender will earmark the funds to support its continued
expansion in regions worldwide.
The investment group is comprised of Romanian and American private
investors with substantial investment experience in the region and in the
IT sector. The group of senior investment professionals includes managers
of two private equity funds (Romanian-American Enterprise Fund (RAEF) and
the Balkan Accession Fund (BAF)), with more than EUR 200 million under
management for the region. The group has a proven track record of
successful transactions as well as “buy-and-build” strategies in financial
services, manufacturing, retail and others, including investments in Banca
Romaneasca, Banca Agricola, Motoractive, DomeniaCredit, Estima Finance,
Certinvest, JetFinance, Domo and others.
In addition to financial resources, the investors will work with
BitDefender to attract additional capital, leading to a potential public
offering in Romania or elsewhere in the EU and the US that would
significantly contribute to the growth and success of the company on the
global market.
The new investment, valuing BitDefender at a market capitalization in
excess of $100 million (US dollars), will be used for global marketing and
sales support, as well as increased research and development.
Founded in 2001, BitDefender has provided one of the industry’s fastest and
most effective lines of internationally certified security software
products, setting new standards for proactive threat prevention.
Distributed through its global network of partners, BitDefender’s
technology protects over 41 million home and corporate users in more than
180 countries, and in some of the world’s largest corporations.
BitDefender’s focus on security threats emerging from today’s ubiquitous
online presence has positioned the company as a leader in addressing the
future of IT security.
“As seasoned investors, putting our own money on the line, we are impressed
by BitDefender’s passion to help their customers interact confidently and
securely in a digital world through continuous innovations that provide the
future of security now,” said Horia Manda, Managing Partner, RAEF and BAF.
“BitDefender products and technology, with a proven track record of
success, are ideally situated for increased penetration into an evolving
worldwide IT security market, and we look forward to supporting expansion
of the company.”
“We see an opportunity to advance BitDefender’s position as a leader in the
new world of IT security, and we are excited about the support this
additional funding will provide as we move forward,” said Florin Talpes,
BitDefender CEO. “This significant funding from savvy investors will allow
BitDefender to expand more rapidly in global markets, bringing our
proactive protection for today’s online lifestyle to more people, more
quickly.”
For more information on BitDefender, please visit BitDefender at:
http://www.bitdefender.com .
About BitDefender®
BitDefender is a leading global provider of security solutions that satisfy
the protection requirements of today’s computing environment. The company
offers one of the industry’s fastest and most effective lines of security
software, setting new standards for threat prevention, timely detection and
mitigation. BitDefender delivers products and services to over 41 million
home and corporate users in more than 180 countries. BitDefender has
offices in the United States, the United Kingdom, Germany, Spain and
Romania. Further information about BitDefender can be obtained by visiting:
http://www.bitdefender.com .
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North America Media Contact:
Paul Hughes
Topaz Partners
Phone: +1 781-404-2416
Email: BitDefender@TopazPartners.com
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