RDIF invests in InfoWatch
The Russian Direct Investment Fund (RDIF) has made an investment in InfoWatch group, a Russian specialist in corporate information security.
InfoWatch focuses on identifying internal threats and protecting information, as well as identifying and preventing targeted external attacks.
RDIF will hold a minority equity stake in the Russian assets of InfoWatch group, which comprises such brands as InfoWatch, Cezurity, Taiga and Attack Killer.
RDIF funds will be used to increase the company’s export potential and localize products and solutions that ensure information security for companies in the foreign markets. The investments will also be employed to open the company’s offices in its key sales markets, including the Middle East and Southeast Asia. At present, InfoWatch products are already being distributed in Western Europe, Middle East, India and Southeast Asia.
InfoWatch is among the few Russian companies on international information technology consultancy Gartner’s Magic Quadrant global list, which features global leaders in the area of data loss prevention. InfoWatch has been recognised by Gartner analysts as the leading Russian DLP vendor for several years.
The RDIF investment in InfoWatch is carried out within the framework of the Investment Lift mechanism. It is designed to support medium-sized non-resource companies operating in the high-tech sector that have significant export potential.
Kirill Dmitriev, CEO of the RDIF, says: “InfoWatch group is already the Russian leader for corporate solutions in the field of information security, and it has significant growth potential abroad. We like the company’s growth dynamics, its financial performance, technological expertise, and competitiveness of its solutions, as well as the high quality of its people. RDIF investments will allow InfoWatch to expand its international presence, as well as strengthen its positions in the foreign markets where it already operates.”
Natalya Kaspersky, CEO of InfoWatch Group, says: “We consider the RDIF investment as an opportunity to develop our business on the global market using the financial and non-financial support available as part of the Investment Lift mechanism. Over the past decade, InfoWatch has grown from a start-up into a global company valued at more than USD100 million. To maintain this growth rate, we need to expand our presence on the global DLP-system market. The market will face certain diversification, as today there are only a few countries in the group of global leaders, and such monopoly always carries risks for consumers.”