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This is an archive article published on August 17, 2010

Sequoia invests Rs 60 cr in Quick Heal

Sequoia Capital India today announced that it has invested Rs 60 crore in Quick Heal Technologies...

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Sequoia Capital India today announced that it has invested Rs 60 crore in Quick Heal Technologies,a leading provider of computer security software products in the country.

This investment would help Quick Heal in growing its product portfolio,expanding its global distribution footprint and funding future acquisitions,it said in a statement.

Quick Heal has been growing at a compound annual growth rate CAGR of almost 100 per cent for the last three years,making it the fastest growing software product company in the computer security space in India,it said.

The company registered revenues of more than Rs 100 crore in FY 09-10,all from its indigenously developed product portfolio.

With this investment Sumir Chadha,Managing Director,Sequoia Capital India would join the board of the company.

Quick Heal has a suite of computer security products that are installed in corporate,small businesses and consumer8217;s homes protecting their computers from viruses and other security threats,it stated.

 

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