Sep 11, 2018

Bitdefender moves closer to IPO with latest acquisition

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.

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Peter Navarro defends hydroxychloroquine use in heated CNN interview

White House economic adviser Peter Navarro defended the use of anti-malarial drug hydroxychloroquine to treat coronavirus during a CNN interview Monday, highlighting "the possibility" that it has therapeutic efficacy.

Why it matters: Navarro did not deny reporting from Axios' Jonathan Swan that he got into a heated exchange in the White House Situation Room over the weekend with infectious disease expert Dr. Anthony Fauci about the drug's prospects against the illness.

Special report: Health care workers vs. coronavirus

Photo Illustration: Sarah Grillo/Axios. Photos: Angela Weiss/AFP via Getty Images, Bruce Bennett/Getty Images, and Europa Press News/Europa Press via Getty Images

Health care workers are at an especially high risk of catching the coronavirus, because of their prolonged exposure to patients who have it. Making matters worse, the U.S. doesn't have enough of the protective equipment, like masks and gloves, that keeps them safe.

  • And yet these workers, with loved ones of their own, keep showing up at hospitals across the country, knowing that more Americans than they can possibly care for are depending on them.
Go deeperArrow43 mins ago - Health

Backed by the Fed, bond investors get bullish

Illustration: Sarah Grillo/Axios

The Fed's massive injections of liquidity have reopened much of the bond market, and after back-to-back weeks in which more than $100 billion flowed out of bond funds, investors have regained their bearings and now see opportunity.

What's happening: But after the hemorrhaging outflows relented last week, bulls may now be sticking their heads out a bit too far. Junk bond funds took in more than $7 billion for the week ended April 1, according to Refinitiv Lipper, setting a new weekly record.