World’s largest privately-held Internet security company, Kaspersky Lab has oficially become the largest software and Internet company in Russia. It is bigger than Yandex, which reported revenues of ca. $410 million in 2010.
Founded in 1997, Kaspersky Lab reported revenue of $538 million in 2010, up 38% from 2009. The company generated revenue of $218 million (up 16% year-on-year) in Europe; $131 million (up 35% y-o-y) – in EEMEA region, $134 million (up 68% y-o-y) – in Americas, and $55 million (up 111% y-o-y) – in APAC region. The company operates in three business areas such as consumer products and services, corporate solutions and technology licensing to other vendors.
In January 2011, General Atlantic acquired a 20% stake in Kaspersky Lab for $200M+. Kaspersky Lab plans to become top 3 vendor in global endpoint secutity market.