Quick Heal Technologies Receives Investment from Sequoia Capital India
Published On August 18, 2010 |
Quick Heal Technologies, a Wakdewadi, India-based provider of computer security software products, has received a INR 60 crore (nearly nearly $13m) investment from Sequoia Capital India.
This investment will support the company in growing its product portfolio, expanding its global distribution footprint and funding future acquisitions.
In conjunction with the funding, Sumir Chadha, Managing Director, Sequoia Capital, will join the company’s board of the company.
Quick Heal provides corporate, small businesses and consumer’s homes with a suite of computer security products that protects computers from viruses and other security threats.
The Quick Heal Total Security product addresses a wide range of distinct security needs that protect the PC from online and offline threats, in addition to providing privacy protection and PC optimization. In addition, a feature called the PC2Mobile Scan enables users to scan, detect and delete malware, spyware and viruses from mobile phones.
Commenting on the funding, Kailash Katkar, Managing Director and CEO, of the company, was quoted as saying: “We are proud to have Sequoia Capital partner us in our quest to be a global market leader in computer security.
“While we continue to build on the strong platform in the domestic market, we will also look to expand our global network through organic and inorganic growth”.
Founded in 1993, Quick Heal Technologies currently employs more than 350 people across its headquarters and its eighteen branch offices. The company operates through a network of dealers and channel partners in more than 50 countries worldwide.