Indian security firm gets hefty cash injection.
Indian computer security firm
Quick Heal
has received a INR 60 crore (approximately US$12.7 million) cash injection from venture capital firm
Sequoia Capital
.
Quick Heal
, whose range of anti-malware products have been appearing in
VB
‘s VB100 reviews with a very decent
track record
since 2002, was set up by brothers Kailash and Sanjay Katkar in the early 1990s.
The brothers have worked hard over the last 17 years to transform the business from what started out as a two-man-band operating from a small, single-desk office into what is now the fastest growing software company in the computer security space in India – with a compound annual growth rate of almost 100% for the last three years. The company currently has a 30% share of the consumer AV market in India and employs more than 350 people in 18 branch offices.
The investment will help
Quick Heal
grow its product portfolio and extend its reach overseas.
Posted on 27 August 2010 by
Virus Bulletin
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