Malwarebytes Secures $100M Investment, Eyes MSP Business Growth
Malwarebytes has received $100 million in a strategic investment from private equity firm Vector Capital.
In addition, Malwarebytes has added Vector managing directors Sandy Gill and Dave Fishman to its board of directors.
Vector’s investment enables Malwarebytes to “further innovate [its] product portfolios, accelerate momentum with channel partners and consolidate its ownership structure,” the company said.
With the investment, Malwarebytes will integrate new features into its consumer protection and privacy suite and launch new modules designed to help organizations reduce their attack surfaces. Malwarebytes also will enhance and scale its international channel partner program and MSP business.
Malwarebytes Continues Its MSP Market Push
Vector’s investment comes after Malwarebytes in August 2022 reportedly laid off about 125 employees — or 14% of the cybersecurity company’s global workforce. Malwarebytes made these staff changes as part of its efforts for “recalibrating” its enterprise sales team, aligning its costs and focusing on the MSP and SMB markets, CEO Marcin Kleczynski told TechCrunch.
Previously, Malwarebytes in May 2022 hired WatchGuard Technologies executive Brian Thomas as its VP of worldwide MSP and channel programs. In this role, Thomas is supporting Malwarebytes’ MSP and channel offerings and building out the company’s global channel partner network, the business indicated. In addition,, Thomas is looking for ways to help Malwarebytes capitalize on “strong momentum” in the MSP and channel markets.
How Malwarebytes Partners with MSPs
Malwarebytes offers an MSP Program that lets MSPs and other channel partners integrate its Nebula security operations platform into their portfolios. Channel partners can use Nebula in conjunction with Malwarebytes’ OneView multi-tenant dashboard to deliver endpoint security services to global organizations.
Meanwhile, Malwarebytes reported 37% year-over-year MSP partner growth in the 2022 fiscal year. Malwarebytes plans to add new modules and services for MSPs and other channel partners through the end of 2022. It also is poised to “catalyze even stronger channel and MSP expansion in the 2023 fiscal year.”