Kaspersky Lab Readies for IPO

Developer of secure content management solutions Kaspersky Lab is readying the company for an IPO with the announcement of the optimisation of its corporate governance and the creation of a Board of Directors (BOD).

“Kaspersky Lab has grown from a small family run business, founded by a group of associates, into a global company in the 10 years since it was founded. The company is one of the best success stories of the Russian IT market and is one of the few Russian IT companies to have succeeded in the international market, – asserts Natalya Kaspersky, Chairman of the Board of Kaspersky Lab. – The company turnover grows over 70% year per year, Kaspersky Lab is first in the retail market in Germany, a leader in China and an emerging player in all market segments in the US. Improving corporate governance structure complies with the internationally accepted practice, employed by the majority of large international companies. Introducing top managers from our key local offices to the Board of Directors reflects the changed essence of Kaspersky Lab as an international company that operates in all key markets in the world”.

“We are going after an ambitious, but realistic goal – we hope to become one of the top three antivirus developers in the world in three years and thus one of the major players in the IT security market, says Eugene Kaspersky, CEO of Kaspersky Lab. – On the one hand, we need the best technology possible to achieve this goal. On the other hand, the company must have a modern corporate governance system in order to make and implement strategic decisions effectively. We have done well with our existing structure, but the time has come to move forward with fresh ideas and new approaches. Establishing a Board of Directors, unanimously supported by all of the shareholders and the top management of the company, is a key element in this process. The main priorities for the company will be continuing to develop unsurpassed protection technologies, leveraging global expansion and preparing for an IPO.”