Kaspersky Lab Announces Recapitalization Plan

04 Feb 2012
Business News

Kaspersky Lab, a leading developer of secure content and threat management solutions, announced a recapitalization plan as part of an initiative to streamline the company’s shareholders base. In recent years Kaspersky Lab has accumulated significant profits, growing faster than all major competitors. After a review of the company’s growth strategy, Kaspersky Lab’s shareholders have decided to utilize a portion of the accumulated profits for a share repurchase initiative. As a result, the company has bought back the Kaspersky Lab shares held by the investment firm General Atlantic, in addition to the shares of some other individual shareholders who have chosen to participate in the repurchase.

Commenting on the changes, Eugene Kaspersky, founder and CEO of the company, said: “Thanks in part to our strategic partnership with General Atlantic we were able to significantly improve internal business processes and create a more robust product strategy - two important achievements in the development of the company in recent times. We have learned a great deal from this partnership and we hope to continue our cooperation with General Atlantic in other ways in the future.”

Kaspersky Lab’s board of directors will soon be reelected in accordance with the new capital structure of the company. Respective announcements will be made as and when appropriate.

About Kaspersky Lab

Kaspersky Lab is the largest antivirus company in Europe. It delivers some of the world’s most immediate protection against IT security threats, including viruses, spyware, crimeware, hackers, phishing, and spam. The company is ranked among the world’s top four vendors of security solutions for endpoint users. Kaspersky Lab products provide superior detection rates and one of the industry’s fastest outbreak response times for home users, SMBs, large enterprises and the mobile computing environment. Kaspersky® technology is also used worldwide inside the products and services of the industry’s leading IT security solution providers. Learn more at www.kaspersky.com. For the latest on antivirus, anti-spyware, anti-spam and other IT security issues and trends, visit www.securelist.com.

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