Growth capital investor Vitruvian Partners acquired a significant minority stake of approx. 30% of the Romanian-based cybersecurity software company Bitdefender from Axxess Capital, a CEE lower mid-market fund. The deal valued the company at cа. $600M.
The Company achieved significant growth in recent years by significantly scaling up international operations and especially from its operation in the US, run from a designated office in Santa Clara, CA. Corporate customers in the US generate more than 40% of Bitdefender sales, although the Company serves customers in 150 countries worldwide, providing end-to-end cyber security solutions and advanced anti-virus protection to more than 500 million users.
The rapid growth, significant achievements and strong innovation focus of Bitdefender are aligned with the investment strategy of Vitruvian Partners, an independent European private equity firm investing in companies undergoing high growth and transition to new products, markets or customers. The private equity firm looks for strong management and helps companies scale up by providing hands-on operational support as well as assistance with strategic initiatives and international expansion.
With more than 50% of the employees (totalling more than 1300 globally) engaged in R&D, Bitdefender is currently working on integrating Artificial Intelligence technology into its products and solutions to make them adaptable to the fast-changing malware environment.
