BalaBit IT searches smart investor

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BalaBit IT Security, the most renowned Hungarian IT security software company is maintaining dynamic development: its consolidated revenue grew by more than 30% to HUF 2.62 billion in 2012. The constantly expanding share of foreign sales in its revenue reached 82% last year, with its main markets being the United States, Western Europe and Russia.

The company, which has made it on to the Deloitte Technology Fast 50 list for the third time, has partnerships with Facebook, Leibniz Supercomputing Center and Czech nuclear power plant C.E.Z., among others.

 

“We have reached a point where we have to grow even faster than our dynamic growth pace in the last 12 years in order to keep our competitiveness,” managing director Zoltán Györkő said at a press conference.  “We see the biggest growth potential in the United States, therefore our negotiations with smart investors are moving in that direction. The first successful steps are already made,” he added.

 

To expand at a faster-than-ever pace, the company has started a program to promote innovation, increase the quality of professional education and to teach younger generations. The Hungarian-owned company aims towards three product categories: monitoring high-profile users, log acquisition and storage, and firewall solutions based on proxy technologies. 

 

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