Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.

Stories

Bitdefender moves closer to IPO with latest acquisition

Hands pull at cables lit up in blue light.
Photo Illustration: Thomas Koehler/Photothek via Getty Images

Bitdefender, a cyberthreat protection vendor with over 500 million users globally, announced Tuesday it has acquired a local partner in the Australia and New Zealand market, SMS eTech.

Why it matters: This puts Bitdefender one step further on its path to an IPO. The Romania-based company tripled its staff and revenue over the past five years, has been pushing expansion in Europe, and was operating with $139.7 million in annual revenue before the acquisition, per Crunchbase. The move will likely shore up its foothold in the Australia and New Zealand region. Its only other acquisition — Profil Technology in France — brought sales in-house in that region last year, per The Australian.

More stories loading.