» Vitruvian Partners has purchased 30% of the Romanian Bitdefender from Axxess Capital
8:27 PM <14px style="font-size: 14pt;">Vitruvian Partners has purchased 30% of the Romanian Bitdefender from Axxess Capital14px>
By Edwig Ban
The Vitruvian Partners investment fund has purchased 30% of Bitdefender from Axxess Capital, thus becoming the second biggest shareholder of the company evaluated at over USD 600 million, the Romanian software producer announced in a release.
Bitdefender says it will fructify its new partnership with Vitruvian Partners to enhance its leader position on both the security solutions market for companies and for individual users' market, too.
Besides, the company has extended its international mark in the last years by setting up a new enterprise headquarters in Santa Clara, California, alongside the one in Bucharest. So, over 40pct of the company's sales come from the North American market, one of the regions with the highest increases globally.
Bitdefender employs 1,300 people in nine countries who operate for customers in over 150 markets and a network of rd 7,000 re-sellers partners. Moreover, more than 50pct of its employees are involved in research and development activities in its four R&D centres in Bucharest, Cluj-Napoca, Iasi and Timisoara.
According to the source, the Bitdefender co-founders Mariuca and Florin Talpes will continue to hold majority stock package of the company. At the same time, a group of private investors hold a minority share in the company.
Bitdefender is an IT security company activating at global level, providing protection solutions against complex threats to 500 million users in over 150 countries.
“The wide experience of Vitruvian in the development of technology companies supports our growth strategy and especially the significant investments in designing the enterprise solutions portfolio and the presence in the United States of America,” said Florin Talpes, the CEO of Bitdefender.
Vitruvian raised earlier this year EUR 2.4 billion through Vitruvian Investment Partnership III. The fund will be used to finance companies with high growth potential. The private equity firm has invested in over 30 companies such as CRF Health, Trustpilot, Callcredit, and manages assets worth EUR 5 billion.
The deal between Vitruvian Partners and Axxess Capital was handled by the London branch of Deutsche Bank AG.
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