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Announced

Completed

Vitruvian Partners acquired a 30% stake in BitDefender from Axxess Capital for $180m.

Synopsis

Vitruvian Partners acquired a 30% stake in BitDefender, a leading global cybersecurity technology company protecting 500m users worldwide, from Axxess Capital for $180m. The investment comes on the back of significant expansion of Bitdefender’s global operations and product offering. Bitdefender has scaled up its international operations significantly over the past few years, in particular driven by corporate customers addressed by the Company’s Enterprise Solutions headquarters in Santa Clara, CA. As a result, more than 40% of sales are currently generated in the US, which continues to be the Company’s fastest growing region.

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