Vector Capital, a private equity firm focused on investing in technology businesses, has made a strategic minority investment of $100 million in Malwarebytes, a cyber protection company.
Malwarebytes aims to use the investment to expand the company’s product portfolios, increase momentum with channel partners and consolidate its ownership structure. The company has plans to add new features to its consumer protection and privacy services. As part of the transaction, Vector Capital managing directors Sandy Gill and Dave Fishman will join the company’s board of directors.
“Malwarebytes is a global market leader with one of the most widely recognized brands in cyber remediation and protection,” says Gill. “It has become an essential business that keeps the internet safer for millions of people and organizations worldwide every day. We look forward to supporting the company by leveraging our strong track record in building and scaling technology companies and working alongside management to further accelerate growth across both the consumer and corporate business lines.”
Paul Hastings LLP acted as legal counsel for Vector Capital. Fenwick & West LLP acted as legal counsel for Malwarebytes and Jefferies LLC acted as financial advisor.