Quick heal technologies is a 100% debt free Indian Antivirus software and IT security services company, headquartered in Pune, India. The company is engaged in developing security software for the consumers and servers as well as for the cloud computing environments for small and medium enterprises which it sells directly to the customers or through its established partner channels.
Founded in 1995 as CAT Computer Services (P) Ltd by Kailash Katkar and Sanjay Katkar the company was renamed to Quick Heal Technologies Ltd in 2007. Initially the company was started as a computer service centre.
In the year 2010 Quick heal received investment from Sequoia Capital of Rs 60 Crores.
Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California along with significant presence in India. Sequoia Capital has invested in over 1000 companies since 1972, including Apple, Google, Oracle, Nvidia, GitHub, PayPal, LinkedIn, Stripe, Bird, YouTube, Instagram, Yahoo!, and WhatsApp. The combined current public market value for these companies is over $1.4 trillion, equivalent to 22 percent of Nasdaq.
Further company opened new brach offices in Madurai, Tamil Nadu. Continuing with the expansion in 2012 new offices were opened in Japan and US with offices opened in Africa in 2013.
In 2016, Quick Heal Technologies acquired an IT security firm Junco Technologies to launch Seqrite Services.
Seqrite is the Enterprise Security brand of Quick Heal Technologies Ltd. Launched in 2015 a combination of intelligence, analysis of applications and state-of-the-art technology, Seqrite is designed to provide continuous and better protection for enterprise corporate customer. Seqrite portfolio of solutions includes Endpoint Security, Mobile Device Management (MDM), Seqrite Encryption Manager (SEM), Seqrite Endpoint Security Cloud, Seqrite Secure Web Gateway, and UTM for robust gateway security. Seqrite Solutions are backed by the Quick Heal AV engine, which is internationally certified by OPSWAT, Checkmark, ICSA Labs, AV-Comparatives and other recognized organizations.
In May 2020 Quick Heal Technologies made Strategic Investment in Ray, a Singapore based Networking & Wireless Technology start-up.
Quick Heal Technologies announced a strategic investment of INR 2 Crores in Ray Pte. Ltd., a Singapore based start-up specializing in next generation networking and wireless technology. Incorporated in the year 2019, Ray is an innovation driven technology company with its flagship product RayOS is an open, secure, cloud native, extensible Operating System with an ecosystem of applications .The investment will enable Ray to tap into Quick Heal’s rich legacy and expertise in the technology landscape to develop an integrated solution designed to protect IoT devices in enterprise and consumer segments from the next wave of cyber-attacks
Further The company had recently invested USD 300,000 in Israel based L7 Defense.
It is a Vision of the company to be the trusted Global Leader in securing the Digital World.
- Quick heal is an ISO 27001 certified company with its R&D Labs certified to ISO 27001 – Information Security Management System [ISMS] best practices.
- Quick heal’s Technical Support Centre is ISO 20000 certified; this emphasizes that Support Centres are in line with Service Management System [SMS] best practices.
- Quick heal is also an ISO 9001 certified company and its processes are in line with Quality Management System best practices.
Quick Heal Products
Quick Heal AntiVirus Pro, Quick Heal Internet Security, Quick Heal Total Security, Quick Heal Total Security for Mac, Quick Heal Total Security for Android, Quick Heal Security for Android Tablets, Quick Heal Mobile Security for Android and BlackBerry platforms and PC Tuner for SOHO Segment. The enterprise products also include Quick Heal Endpoint Security that provides management and control of virus protection on networks and caters to both SME and Corporate markets. With the introduction of Quick Heal Terminator – the Unified Threat Management Solution, the company has ventured into gateway security.
Quick heal has more than 1300 passionate employees spread across 36 cities in India. This gives Quick heal ability to maintain superior response time for any of the product sales or technical related queries. Beginning its inception Quick heal has had more than 24 million product installations with customer base of more than 7 million users.
Quick heal has global presence, with offices in over 40 countries.
Q4FY20 Revenue at Rs 643 mln down 25.3% from ₹ 860 mln in Q4FY19.
FY20 EBITDA at Rs 914 mln down 28.5%from ₹ 1,279 mln in FY19.
FY20 PAT at Rs 744 mln down 19.0% from ₹ 918 mln in FY19
Average revenue per licences for FY20: Retail at Rs 518 at Up 11.9% from FY19
FY20 Revenue at Rs 2861 mln down 9.1% from ₹ 3,149 mln in FY19.
EBITDA margin at 31.9% in FY20 down 867bps from 40.6%in FY19.
PAT margin at 26.0% In FY20 down 315bps from 29.2% in FY19.
Enterprise at Rs 623 Up 10.3% from FY19.
Quick heal is 100% debt free.
Quick heal has Cash and Equivalents of about 135 crores.
Quick Heal has Investments worth 390 Cr.
Quick heal has reserves and surplus of 719 Cr .
Book Value of Quick heal is 100 Rs . The stock trades 1.13 times book value with a pe of just 10.
There has been slight increase in the promoter holdings.
Quick heal has a solid OPM of above 30% with ROCE of about 18% consistently for more than 3 years.
Detection statistics for Mobile
Malware: 639K Per Day: 1,752 Per Hour: 73 Per Minute: 1.22
PUA: 360K Per Day: 987 Per Hour: 41 Per Minute: 0.69
Adware: 125K Per Day: 344 Per Hour: 14 Per Minute: 0.24
₹ 119 mln The Average cost of a data breach in India. An increase of 7.9% from 2017
Other major Headlines
WHO reports five fold increase in cyber-attacks, urges vigilance.
Over 3.13 Lakh CyberSecurity incidents reported till October. 2019 Minister
And Many More.
Why Quick Heal ?
We are living in a complete digital era with internet being embedded fully into our day to day lives. No one today can imagine a day without a smartphone , laptop etc any such electronic gadgets. With the advent use of the internet the data storage is exploding. Thus there is a utter need for the digital security . Tools that can steal user information , personal details , identity posses extreme threat to our online presence as a result Quick Heal is working towards providing digital security solutions that include antivirus software, firewalls, antispyware and data protection to name a few. The cloud security solutions range from mobile to desktop and from gateway to servers. Secure personal and corporate devices give you the freedom to communicate, travel, shop, bank and work using your digital identity in a convenient and secure way.
There has been multifold increase in the data usage in past couple of months and more importantly on account of nationwide lockdown. Thus as a result in the coming time it would be compulsorily required for the users to have Anti theft apps and tools to prevent themselves from spams and malicious malware attacks. Also with the recent movement across the nation to not use Chinese apps quick heal India is one of the most prominent company to get huge benefit and further Quick heal coupled with sound financials such as completely debt free, solid OPM, good cash and equivalents is worth exploring for long term.
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Awards and Recognitions
2019: Quick Heal Technologies recognised by NASSCOM’s DSCI as ‘Cybersecurity Product Pioneer in India’
2019: Seqrite received the ‘Best Performance 2018’ award for its Endpoint Security Solution from AV-Test Institute in Germany
2019: Quick Heal Technologies granted Patent for Anti-Ransomware Technology U.S. Patent No. US20160378988A1
2019: Quick Heal Technologies granted Patent for its Signatureless Behavior-based Detection Technology U.S Patent No. US20170124327A1
2019: Seqrite Endpoint Security certified as ‘Approved Corporate Endpoint Protection’ for Windows by ‘AV-Test’