Romanian software producer Bitdefender takes over French peer Profil Technology

By bne IntelliNews January 18, 2017

Romanian security technology company Bitdefender has acquired its French peer Profil Technology as part of its expansion strategy on the corporate segment. 

The terms of the deal were not announced, but the takeover is the largest step of this kind taken by the Romanian company. It follows investments in other European countries last year. 

"Bitdefender's consolidated positioning in France will help the company grow its share of the French enterprise and consumer markets, with a team of 50 sales and marketing professionals and a French-speaking support organisation," Bitdefender said in a January 17 press release.

“France is a key focus market for the company’s future,” said Bitdefender’s CEO and founder Florin Talpeș.

In 2016, the company established a local presence in Italy and Sweden, while its partner network membership has more than doubled in the past two years. According to to Talpes, Bitdefender is currently interested in investing in Romanian startups.

Bitdefender plans to attract a minority investor and also has listing plans in 2017, possibly on the London Stock Exchange, Talpeș told the Sunday Telegraph on October 29.

Bitdefender’s rivals include Norton, owned by American company Symantec, McAfee which is part of Intel, Kaspersky of Russia, Trend Micro and Sophos.

Bitdefender’s turnover rose by 54% y/y to €85.7mn in 2015. Out of this, 97.7% were revenues from exports.

The firm was founded by Romanian entrepreneurs Talpeș and his wife Mariuca. Formally, it is controlled through Dutch-registered Bitdefender Holding BV.

Related Articles

Kazakhstan and Uzbekistan’s combined IT exports surpass $800mn

Kazakhstan and Uzbekistan’s combined IT exports surpassed $800mn in 2023. The Kazakh IT sector's export revenue jumped from $50mn in 2020 to over $500mn last year. Astana Hub was a major ... more

Uzbekistan introduces national programme for digitalisation of agriculture

Uzbekistan has introduced the National Programme of Action for the Digitalisation of Agriculture. Aimed at modernising the country's agrifood system, the programme is the culmination of a ... more

Russian banking TCS Group suspends MOEX trading for conversion

Russian banking TCS Group Holding, which operates the country’s only pure online bank Tinkoff, has suspended the trading of its depository receipts on the Moscow Exchange (MOEX) from February 20, ... more

Dismiss