Malwarebytes is hiring again after receiving a $100 million investment that the security vendor plans to use to massively expand its MSP partnership programme.
For those who came in late, the company laid off 125 employees just a month ago so the fact it is hiring again is probably due to Vector Capital making the minority $100 million investment to promote Malwarebytes’ product innovation and consolidate its ownership structure.
But the investment firm also said the funding will be used to scale Malwarebytes’ international channel partner program and its rapidly growing MSP business.
And that could lead to a doubling of Malwarebytes’ internal MSP channel team to 150 employees within a year, from its current 75 members.
The company said that it wants to pursue the SMB market by creating additional MSP partnerships.
In a press release, Malwarebytes CEO Marcin Kleczynski said Vector Capital was a good fit for his company.
“Vector Capital shares our mission to protect those most vulnerable to cyberattacks through cutting-edge technologies and the power of community”, Kleczynski said.
“We believe Vector Capital’s collaborative approach and proven ability to help build global software businesses make them ideal partners in our ongoing efforts to build a safer digital world.”
As part of the investment transaction, Vector Capital, managing director Sandy Gill and Fishman will join the company’s board of directors.
