Quick Heal Technologies, an Indian anti-virus and security software firm is preparing for an Initial Public Offering to scale its product offerings and global expansion reports The Economic Times.
The current portfolio of Quick Heal includes cloud - based and advanced machine learning enabled security solutions, which offer security solutions that stop threats, attacks and malicious traffic.The solutions are indigenously developed in India. Quick Heal AntiVirus Solutions, Quick Heal Scan Engine and the entire range of Quick Heal products are proprietary items of Quick Heal Technologies.
Over a span of 19 years the company's R&D has focused on IT security for personal computing and for small and medium enterprises, robust network and content security solutions to protect corporate resources and communication channels, says the Pune headquartered firm's website.
This marks a significant milestone in the India software product story. Quick Heal will also be the first Indian anti-virus software company to go public.
Venture Capital firm Sequoia Capital had invested approximately $12.8 million back in 2010. Quick Heal claims 35% market share in the Indian market and is expanding to Japan and U.S according to the report.