Sunflower Bank, N.A. Backs Deal
PASADENA, Calif., October 03, 2022--(BUSINESS WIRE)--RealDefense LLC, a company that develops and markets privacy, security, and optimization software and services, announced today that it has closed a $30 million financing from Sunflower Bank, N.A. RealDefense has raised a total of $50 million in four funding transactions to-date.
The fresh financing allows RealDefense to compete for more acquisitions in the privacy and cybersecurity technology sectors, similar to its recent acquisitions of STOPzilla and iolo technologies. RealDefense has recently completed four acquisitions in the software industry.
Based in Pasadena, CA, RealDefense is led by Gary Guseinov and Sean Whiteley. The company focuses on privacy, cybersecurity, and performance optimization software for PC, Mac and mobile devices, which it markets to consumers and small businesses through its distribution network of 20,000+ retail stores, resellers, licensing partners, and affiliates in 33 countries. RealDefense has also developed a successful M&A playbook for up-selling, cross-selling, and providing cost-effective customer support in order to dramatically scale acquired companies to their optimal value.
"We continue to look for appropriate acquisition candidates that fit our M&A model where we can help to improve unit economics, increase Average Order Value and Lifetime Customer Value, and reduce Customer Acquisition Costs. Concerns about online privacy and theft of digital assets have created a global opportunity for new security solutions and services to bring to our 1+ million customer base. This fresh round of funding will accelerate our M&A program by allowing us to act quickly on new opportunities. We have a deep working relationship with Sunflower Bank and its Technology, Media & Telecommunications lending group and we thank them for their continued support of our acquisition activities," said Gary Guseinov, CEO of RealDefense.
About Sunflower Bank N.A.
A regional bank with a commercial focus, Sunflower Bank, N.A. delivers highly personalized financial services to businesses and entrepreneurs. With $7.1 billion in assets as of June 30, 2022, locations across five states, and headquarters in Denver, the bank provides a full range of banking services including personal, small business, commercial, wealth management, credit cards, home loans, and more within the communities it serves. More information about the bank is available at www.sunflowerbank.com. Member FDIC.
The RealDefense client relationship is managed by the Sunflower Bank Technology, Media & Telecommunications lending group headquartered in Dallas, Texas. Sunflower Bank manages and executes on full banking relationships for national middle market technology, media and telecommunications companies.
About RealDefense LLC
RealDefense LLC, headquartered in Pasadena, CA, develops award-winning software that optimizes and secures both mobile phones and PCs. Its flagship product, iolo System Mechanic, is consistently rated #1 by PC Magazine and has more than 1 million customers. Other privacy and security software brands in the RealDefense portfolio include: iolo, STOPzilla, MyCleanID, MyCleanPC, USTechSupport, iolo SafeSearch, VirusFix, and WarrantyStar.
RealDefense also partners with leading brands to provide white-labeled privacy, security and optimization features and services to existing products.
Visit realdefen.se for more information.
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