The leading Russian internet security and antivirus software vendor Kaspersky Lab plans to do a private placement of equity to finance potential acquisitions, reported business daily newspaper Kommersant. By attracting external investors, the company shall also become more transparent to large enterprise customers. Credit Suisse is expected to manage the equity offering that could happen in 2009 and raise as much as $100 million via sale of a 20% stake, the daily suggested by citing industry experts.
Founded in 1997, Kaspersky Lab reported revenues of $130 million in 2007, up 94% from $67 million in 2006. The company generated revenues of $35 million from sales of its products in Russia and $5 million from sales in CIS & Baltic countries in 2007. The company’s revenues were expected to almost double in 2008.
Headquartered in Moscow, Kaspersky Lab has regional offices in the UK, France, Germany, the Netherlands, Poland, Japan, China, South Korea, Romania and the United States.
According to Anti-Malware.ru, Kaspersky Lab holds 45% of antivirus software market in Russia, ahead of Symantec (18%) and Eset (14%). The market was valued at $133 million (in retail prices) in 2007, up 94% from 2006.
Kaspersky Lab is 50% owned by its co-founder and CEO Eugene Kaspersky. Chairman of the Board of Directors and co-founder, Natalya Kaspersky owns a 30% stake in the company.