General Atlantic invests in Kaspersky Lab

GA is now the second largest shareholder in the company. Founder and CEO Eugene Kaspersky retains a controlling stake in the business.

The private equity investor stated it was impressed with Kaspersky's management team and believes the company is well-positioned for continued growth. The investment opportunity also fit with GA's experience in the software sector.

Kaspersky will now look to grow in the endpoint security market for both the consumer and corporate sectors. It will also aim to expand its technology and products portfolio to meet needs related to cloud-computing.

Founded in 1997, Kaspersky specialises in computer security software, notably anti-virus protection for both consumer and corporate users. The company is headquartered in Moscow and employs more than 2,000 people worldwide.

 

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