InfoWatch Group, a Russian vendor of end-to-end enterprise cybersecurity solutions, has unveiled its minority interest sale to Russian Direct Investment Fund (RDIF). As a result of the deal, RDIF now holds a share in the Russian assets of InfoWatch Group, including InfoWatch, Cezurity, Taiga and Attack Killer brands.
With the RDIF funds in its equity, InfoWatch Group will be able to improve the export potential, localize its enterprise cybersecurity products and solutions abroad, and open offices in the key target markets, including the Middle East and Southeast Asia. InfoWatch products are commercially available now in Western Europe, the Middle East, India and Southeast Asia.
InfoWatch is one of the few Russian companies hand-picked by international consulting agency Gartner and positioned in its Magic Quadrant among other global DLP leaders. For several years, Gartner analysts have recognized InfoWatch as a leading DLP vendor in Russia.
RDIF invests in InfoWatch via an investment lift mechanism that was developed to support medium-sized high-tech non-resource companies with significant export potential.
“InfoWatch Group has already been leading the enterprise cybersecurity market in Russia and boasts of great potential to develop abroad” said Kirill Dmitriev, CEO, Russian Direct Investment Fund. “We are impressed with the growth rates, financial indicators, technology maturity, competitive power of InfoWatch Group solutions, as well as the expertise and competences of its specialists. The RDIF investments will enable InfoWatch to expand the project geography and strengthen its positions in already covered foreign markets.”
“We consider the RFID investments as an opportunity to leverage both financial and non-financial support, which is available as part of the investment lift mechanism, for further development on the global arena,” said Natalya Kaspersky, President, InfoWatch Group. “Over the last 10 years, InfoWatch has evolved from a startup into the global company being USD100+ million worth. To keep up growing at the same pace, we need further expansion in the global DLP landscape that will be diversified in some way — today’s leaders represent only few countries, while such a monopoly always exposes consumers to certain risks.”
Russian Direct Investment Fund (RDIF) was established in June 2011 to co-invest alongside top global finance and strategic investors, acting as a catalyst for private equity attraction to Russia. The RDIF management company is located in Moscow. For more details, please visit http://www.rdif.ru
Investment Lift mechanism is an initiative to accelerate the development of medium-sized non-resource companies with export potential or with a potential for import substitution. The initiative is aimed at removing barriers and ensuring dynamic growth of businesses in order to increase revenue from exports in promising Russian companies and reduce the Russian market’s dependence on imported goods and services.