Romanian IT company evaluated at 600 million dollars

Romanian IT business Bitdefender has been recently evaluated at 600 million dollars. The valuation was undertaken by Vitruvian partners which are a London-based private equity. Vitruvian Partners has recently bought 30% of Bitdefender form a local investment Axxess Capital, according to Romanian Insider.

This means now Vitruvian Partners are the second-biggest shareholder of the Romanian company. The biggest shareholders at the moment are Florin and Mariuca Talpes, which are the founders of the company.  Florin Talpes statedVitruvian’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 presence in the United States

This transaction demonstrates the rapid growth and scale of our business as we are now valued at over USD 600 million.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 presence in the United States.

At the moment Bitdefender has 1,300 employees and serves customers in 150 countries and has 7,000 reseller partners. More than 40% of their sales are generated in the US and many of their investments are made with companies such as Just Eat, Trustpilot and Skyscanner.

source: romaniainsider.com