PC Matic Cybersecurity Investment: Makers of PC Matic, Open to Investor Opportunities
Cybersecurity Investment Opportunities. PC Matic, a privately held, American anti-virus software firm, would like to develop relationships with the investment community. This is in anticipation of a future outside investment, said CEO Rob Cheng.
He founded Sioux City, Iowa-based PC Pitstop in 1999 and owns 90% of the business. After giving 10% to certain employees via stock options close to four years ago. Though he has no set timing for a sale or outside investment, Cheng said,
“At some point, I will have to find a market for my shares and the employees’ shares. When that time comes, I want the investment community to already know about my company, where we are, where we have been, and what we intend to do. With our anticipated growth, it makes sense investors would want to value the business based on current figures, but at this time, due to the significant cash generated, I am in no hurry to make a deal.”
Need for Ransomware Cybersecurity Grows
PC Matic continues to entertain regular approaches from PE firms. The company has seen a steady increase in interest since 2017 when the world’s first global ransomware attack, WannaCry, executed.
In terms of recent deals, Cheng pointed to Blackberry’s November acquisition of Cylance for $1.4 billion. Brillio Cloud Security and Cedrus Digital for enhanced cloud and DevSecOps security. ZeroFox acquisition of IDX to expand critical security tech stack protection..
PC Matic had revenue of $14.7 million in 2017, $16.3 million in 2018, $17.2 Million in 2019, and 18.2 Million in 2020. The debt-free company is projecting between 10% and 20% growth this year, depending on how quickly its B2B division and reseller program gain traction.
One of PC Matic’s major differentiators from other anti-virus software is its SuperShield real-time protection. Whitelisting solutions are based on a whitelist that denies access to all unknown files until authenticity can be verified. Most anti-virus software operates off a blacklist, which only blocks files that are known to be threats while allowing all others. PC Matic’s Home Computer Security Software and Business Security Software integrate application whitelisting security to prevent malware and ransomware.
The blacklist methodology of malware identification is archaic and full of inherent flaws. As new malicious files are constantly being developed, blacklists can’t keep up. Read more about what is application whitelisting?
Ransomware and malware continue to fuel cyber-attacks globally. Ransomware attacks are increasing and costing companies millions of dollars to recover from. Read more about cybersecurity trends. To learn more about potential investment opportunities or to submit an investment inquiry click Invest in PC Matic Cybersecurity.