Wednesday, Apr 25 2018 | Time 08:27 Hrs(IST)
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  • Leh highway reopens, Kashmir, Mughal road through
  • Fire at oil well in Indonesia's Aceh kills 10 -disaster agency
  • Trump and France's Macron seek new measures on Iran as deadline looms
  • Alert sounded as policeman missing with service weapon in Kashmir
  • Trump and France's Macron seek new measures on Iran as deadline looms
  • Toronto police eye deadly van attack suspect's 'cryptic message'
  • Sixteen people killed in Nigerian church attack -police
  • Three Chinese tourists killed in traffic accident in Egypt -statement
  • U S -China trade fight reaches top American court in antitrust case
  • Trump hails N Korea's 'honorable' Kim but tempers summit expectations
  • Pakistan group says nine activists missing after backing rights movement
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Former AVG executives beef up cyber security investment fund

By Jason Hovet
PRAGUE, Jul 17 (Reuters) A group of former executives and investors from antivirus software maker AVG Technologies have raised an additional 55 million dollars for their fund that invests in cyber security companies, its managing partner said.
Evolution Equity Partners, which raised 70 million dollars in its first funding round in 2015, is looking to bulk up its portfolio at a time when cyber attacks and hacks worldwide are surging.
Cyber attacks are getting stronger and more menacing for global business. Just last month, a computer virus dubbed GoldenEye or Petya wreaked havoc on firms in more than 60 countries, disrupting work at ports and factories while causing economic losses estimated in the billions of dollars.
Managing partner Richard Seewald said the fund would look to add three to five firms to its portfolio of nine companies, which includes Boston-based cyber security group Carbon Black that has been reported to be a potential stock listing.
Seewald said the fund, based in New York and Zurich, ultimately wanted to have investments in 18 to 25 companies spanning the United States, Europe and Israel.
"The fund is in the portfolio-building phase," he said in a telephone interview. "We are looking at opportunities systematically across all those geographies. Over the next couple of months you will see more activity."
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Abdul Hamid takes oath as Bangladesh President for second term

24 Apr 2018 | 11:38 PM

Dhaka, Apr 24 ( UNI) President Abdul Hamid on Tuesday took oath as the head of state for the second consecutive term at a ceremony at Bangabhaban this evening.

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Richard Verma downplays H-1B issue

Richard Verma downplays H-1B issue

24 Apr 2018 | 11:29 PM

New York, Apr 24 (UNI) Former US ambassador to India Rahul Richard Verma has said that proposed changes by the Trump administration in the H-1B visa regime are a result of the transformation in the American political landscape.

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Sushma begins her Mongolia visit

Sushma begins her Mongolia visit

24 Apr 2018 | 6:54 PM

Ulaanbaatar, Apr 24 (UNI) External Affairs Minister Sushma Swaraj on Monday arrived in Mongolia on a two-day visit.

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World has realised of no “good terrorists”: India at SCO

World has realised of no “good terrorists”: India at SCO

24 Apr 2018 | 4:37 PM

Beijing, Apr 24 (UNI) Batting for adoption of uncompromising approach towards the persisting threat of terrorism in Afghanistan, India on Tuesday said that the World has now realised that there were no good terrorists.

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Sheikh Hasina gets global women’s leadership award

Sheikh Hasina gets global women’s leadership award

24 Apr 2018 | 4:06 PM

By Mir Afroz Zaman
Dhaka, Apr 24 ( UNI) Prime Minister Sheikh Hasina will receive the prestigious Global Women’s Leadership Award in Sydney during her coming visit to Australia.

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