Inspiring stories: Bitdefender

Georgeta Gheorghe 19/03/2018 | 11:52

With 1,300 employees in nine countries, which serve clients on over 150 markets, and a network of over 7,000 resale partners, Bitdefender is a global software provider. In 2017 the company was valued at over USD 600 million and announced the Made in Romania security product for smart devices Bitdefender BOX.

Bitdefender was valued at USD 600 million when investment fund Vitruvian Partners became the company’s second biggest shareholder in December, after purchasing a minority interest of 30 percent from investment fund Axxess Capital. “It was a full year for us,” Bitdefender representatives said. “It is true that the investment fund’s exit and the arrival of a new investor in the company mark a transition between two stages, but we were already in the middle of such a plan, because we make three-year plans. The fund’s entry is a reference point and makes our plans for listing a possibility sooner than we were expecting. So although 2017 was a full year, I would say that it will be less full than 2018 or 2019; it was a sort of warm-up year.”

Last autumn, Bitdefender announced that its the first hardware product, the security product for smart devices Bitdefender BOX would be produced in Romania, in Satu Mare, at the factory of German group Zollner. Also in 2017, the Bitdefender brand was estimated at EUR 112 million by Brand Finance, becoming the most valuable Romanian technology brand.

 

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