BitDefender Receives Funding to Support Global Expansion and Advance Leadership Position in Antivirus Software and Data Security
BUCHAREST, Romania December 6, 2007 BitDefender® announced today it has received $7 million in capital that will be used to support efforts to advance the companys position as a worldwide leader in 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 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, 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 industrys 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, BitDefenders technology protects over 41 million home and corporate users in more than 180 countries, and in some of the worlds largest corporations. BitDefenders focus on security threats emerging from todays 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 BitDefenders 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 BitDefenders 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 todays online lifestyle to more people, more quickly.
For more information on BitDefender, please visit BitDefender at: http://www.bitdefender.com.