Bitdefender valued at $600M after private equity company buys significant minority stake
A European-based private equity company announced Friday it has taken a significant minority stake in Romanian cybersecurity company Bitdefender, valuing the company at more than $600 million. Vitruvian Partners, a London-based private equity firm, acquired approximately 30 percent of Bitdefender from existing shareholder Axxess Capital. Vitruvian becomes the second-largest shareholder with co-founders Mariuca and Florin Talpes continuing to hold the majority stake. The investment comes as the company has been growing, particularly in the United States. Bitdefender says more than 40 percent of sales are currently generated in the U.S., primarily from corporate customers. Bitdefender claims it has over 500 million users worldwide, putting in the ranks with other large anti-virus companies like Kaspersky Lab, McAfee and Symantec. “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 […]
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