It was announced today that mutual funds giant, Fidelity will invest $50 million in cybersecurity firm, Malwarebytes, which is based in San Jose, California with EMEA headquarters in Cork, Ireland.
The company runs on over 250 million computers around the globe, of which one fifth is in business environments, making the company one of the fastest growing cybersecurity firms in the world.
The Malwarebytes EMEA headquarters in Cork announced the creation of 50 new roles to support EMEA market opportunity in March 2015 ands will move into their new offices in Albert Quay in the coming months. They are actively recruiting staff in Ireland and the UK.
The company recently reported annual billings that surpassed $100 million for 2015, more than 100% sales growth in 2015, and 500 million downloads of their software. Their enterprise sales doubled while the average deal size grew by 75%.
Furthermore, in the past year, Malwarebytes has entered the large and growing Mac market with its anti-malware for Mac product, they were recognized by Inc. Magazine as one of the fastest growing privately held companies in the U.S.
The company was named by Forbes as one of the most promising companies in the U.S., and is also listed in the Deloitte Technology Fast 500.
VP at Malwarebytes EMEA, Anthony O’Mara said, "This investment is very significant for growth in the enterprise market in Europe.
"The new funding round will support our aggressive expansion through Malwarebytes EMEA headquarters in Cork, where our headcount has been increasingly rapidly over the last six months, due to strong business development in the EU."
Source: www.businessworld.ie
