Vitruvian-backed Bitdefender buys RedSocks

Vitruvian acquired a 30% stake in Bitdefender in 2017, drawing capital from Vitruvian Investment Partnership III, a €2.4bn vehicle that closed in June 2017. The transaction was thought to value Bitdefender at more than $600m.

The addition of RedSocks, which specialises in automated detection of suspicious network behaviour, will enhance the protection received by both sets of customers, Bitdefender CEO Florin Talpes said in a statement.

Previous funding
RedSocks raised €5.7m in equity funding across two rounds in 2015 and 2016, according to venture capital database Crunchbase, though the investors were unnamed.

Company
RedSocks was founded in 2012 and is headquartered in Den Haag. The company provides cybersecurity services to its clients including automated real-time threat detection. It employs fewer than 50 people according to a corporate information portal.

People
Bitdefender – Florin Talpes (CEO).
RedSocks – Pepijn Janssen (founder).

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