Bangalore: IT security software maker, Quick Heal Technologies, a company backed by the popular VC firm Sequoia capital is planning to go public in India through IPO in order to expand into new territories and to improve the product line, reports ET.

The company was formed by two Pune-based brothers Kailash Katkar and Sanjay Katkar. It focuses on providing security solutions for personal computing and for SME’s. The company will start listing its shares on the stock market during the next year and if things go according to the plan, Quick Heal Technologies will be the first anti-virus software company from India to go public.

‘We're looking at appointing independent board members as we prepare to list, within the next 18 months,’ said Sanjay Katkar to ET. It is also beginning to identify industry benchmarks to understand the market and the company’s total valuation.

Quick Heal Technologies have around 30 percent of the Indian consumer segment market and has developed innovative solutions for Windows, Android and BlackBerry platforms. It also tie ups and partnerships with some of the biggest brands in the world like Microsoft, Intel, IQuinox and SurfCanister.

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