Russia’s sovereign fund RDIF has acquired a minority stake in InfoWatch Group, which includes InfoWatch, Cezurity, Taiga and Attack Killer brands.
InfoWatch is a leading Russian vendor of end-to-end enterprise cybersecurity solutions. The company is worth more than $100 million, according to its President Natalya Kaspersky.
The funding will help InfoWatch Group “improve the export potential, localize its enterprise cybersecurity products and solutions abroad, and open offices in the key target markets, including the Middle East and Southeast Asia. InfoWatch products are commercially available now in Western Europe, the Middle East, India and Southeast Asia,” as stated by the company.
The investment has been made in the framework of the RDIF’s investment lift mechanism, which aims to support medium-sized high-tech non-resource companies with significant export or import-substitution potential.
“InfoWatch Group has already been leading the enterprise cybersecurity market in Russia and boasts of great potential to develop abroad. We are impressed with its growth rates, financial indicators, technology maturity, competitive power [and] expertise of InfoWatch,” said RDIF CEO Kirill Dmitriev.
The RDIF (Russian Direct Investment Fund was established in June 2011 to co-invest alongside top global finance and strategic investors, acting as a catalyst for private equity attraction to Russia..