RDIF invests in InfoWatch to allow group to develop exports, expand
MOSCOW, Mar 30 (PRIME) -- Group of companies InfoWatch, a developer of information security solutions, has sold a minority stake to the Russian Direct Investments Fund (RDIF) to boost the group’s export potential and localization on foreign markets, InfoWatch said on Thursday in a press release.
“We see the RDIF investment primarily as an opportunity to use financial and non-financial measures of support, stipulated by the Investment Lift mechanism, to develop on the global market,” President Natalya Kasperskaya said.
“Over the recent 10 years, InfoWatch has grown from a startup into a global company worth over U.S. $100 million. In order to maintain these rates, we need to expand our presence on the world market of Data Leak Prevention systems, which is in for some diversification, because only a few countries are present in the leading group of players, and such a monopoly carries risks for the consumer.”
According to the agreement, the fund received some local assets of the group, including such brands as InfoWatch, Cezurity, Taiga and Attack Killer.
InfoWatch will use the fund’s money to raise its export potential and localize products and solutions in the field of ensuring information security of companies on foreign markets, as well as open offices on key markets, including countries of the Middle East and South-East Asia.
At present, the group’s products are available in Western Europe, the Middle East and South-East Asia.