Pango Group, a holding company that acquires and operates a portfolio of cybersecurity brands, and Total Security, provider of award-winning antivirus protection Total AV, announced that the two companies have merged. The combined company will rebrand itself as Point Wild, a holding company operating a portfolio of cybersecurity solutions for consumers and enterprises of all sizes.
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“In a constantly connected world, demand for privacy and security services for both consumers and enterprises has never been greater. And, integrating these two industry leaders in cybersecurity will enable the combined company, Point Wild, to steadily scale,” said Hari Ravichandran, founder and CEO of the newly-formed Point Wild. “The combined business is profitable and its brands are well positioned to win in the global cybersecurity market.”
Introducing Point Wild
Point Wild is a fast-growing holding company that acquires, integrates assets into a common platform and manages a diverse portfolio of best-in-class cybersecurity brands. Its trusted brands protect 25 million consumers and enterprises around the globe. Point Wild’s brands include Total AV, HotSpot Shield, UltraAV, Betternet, CyEx, Simpluris, Comparitech and more.
Following the merger, Point Wild will generate approximately $600 million in annual revenue and, with TTM EBITDA of $150 million, growing by more than 20 percent annually. Point Wild has an enterprise value of $1.7 billion.
The combined company will operate three go-to-market channels, direct-to-consumer, partner and enterprise. The diverse go-to-market approach ensures flexibility in meeting customer needs while maximizing reach and scalability.
Point Wild’s executive leadership, comprising seasoned professionals from technology, finance and cybersecurity, will guide the organization through this next phase of growth. The leadership team includes:
- Hari Ravichandran, Founder and CEO
- Neill Feather, President & COO
- Blake Cunneen, Head of Corporate Development
- Adam Belmonte, Chief Financial Officer
- Dr. Zulfikar Ramzan, Chief Technology Officer
- Tom Serani, Chief Channel Officer
- Tom Hetherington, Chief Legal Officer
- Taylor Hawes, Chief Marketing Officer
- Courtney Grover, General Manager, Consumer
- Jay Schiavo, General Manager, Partner
- Jerry Thompson, EVP, CyEx
- Kevin Lee, CEO, Simpluris
- Richard Patterson, CEO, Comparitech
- Birgit Nilsson, VP, Strategic Operations
Deal Advisors
Evercore acted as exclusive financial and debt advisor and Ashurst, McDermott Will & Emery and Paul Weiss acted as legal counsel to Pango Group. Trethowans and Willkie Farr acted as legal counsel to Total Security.
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Source – Prnewswire
