Private Equity Firm to Spend $100M for Minority Stake in Malwarebytes
Vector Capital will make a $100 million minority investment in Malwarebytes to speed the growth of its consumer and enterprise cybersecurity businesses, said the private equity firm Wednesday. Malwarebytes will leverage the funding to add new features to its consumer…
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protection and privacy “suite,” and launch new “modules” that enable organizations to reduce their attack surface from the same cloud platform they use for “detection and remediation,” it said. The investment will also enable Malwarebytes to "enhance and scale" its international channel partner program, it said. The funding transaction is expected to close in Q4.