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Quick Heal Technologies Secures 60 Crore investment from Sequoia Capital India

ST Team
Wednesday, September 8, 2010
ST Team
Quick Heal Technologies, a provider of Internet security software products and antivirus technology, has secured Rs. 60 crore investment from Sequoia Capital India. Quick Heal plans to use the funding to strengthen its product portfolio, expansion plans, and future acquisitions. With this investment Sumir Chadha, Managing Director, Sequoia Capital India will join the board of the company.
Founded in 1993, the company has a suite of computer security products that are installed in corporate offices, small businesses, and homes protecting their computers from viruses and other security threats.

Commenting on the competition, Kailash Katkar, Managing Director and CEO, Quick Heal Technologies says, “We are number one in the SOHO and SMB segment. Consistent improvement in products and services has helped us to maintain a clear edge over our competitors.”

The Pune-based Quick Heal has reportedly registered revenues over Rs. 100 crore in the last fiscal year from its indigenously developed product portfolio. On the market size of the company, Kailash says, “Our revenue turnover is around 30 percent of the total market size.” He says the demand for Quick Heal comes from various sectors, like home users, SOHO, SMB, emerging enterprise, education, and government sector.

Quick Heal Technologies employs over 350 people in 18 branch offices and operates in more than 50 countries worldwide. Chadha says, “Being a leader in computer security products, we are confident that the company will continue to strengthen its dominant position in India and replicate this success in the overseas markets.”
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