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Qihoo 360

Qihoo 360 – Story Of The Biggest Cybersecurity Company In China.

The Chinese internet security company, Qihoo 360 was born in 2005 in London. The headquarters of the company is based in Beijing, China, and its products and services are used all over the world. Zhou Hongyi is the co-founder and the current CEO and Chairman of the company. He co-founded the company with Qi Xiangdong who is the present director of Qihoo 360. The company is famous for its antivirus software, 360 Safeguard, and its web browser, 360 Secure Browser. This antivirus software is available for both PCs and mobile phones. Qihoo 360 is a privately held company and it has more than 4,000 employees.

About Qihoo 360

Qihoo 360 is the largest provider of cybersecurity and mobile security software in China. The company is known for its widely used products like 360 Total Security, 360 Mobile Security, enterprise security browsers, etc. The company also works closely with the government for national security products. The company has crossed more than 500 million daily active users for its software products. Apart from the software products, the company provides services like security consulting, security maintenance, security training, etc. Qihoo 360 has more than 10,000 patents for its original and core technology.

Qihoo 360
Image source: blogspot.com

Early History Of Qihoo 360

Back in 2005, when the company was founded, it was mainly known for its anti-virus software product. After operating for six years as a private company, it decided to file its IPO in 2011. When the company filed its IPO it raised $175 million and it marked a date in history for being the largest IPO of a Chinese company in the US. So, in March 2011, Qihoo 360 got listed on the New York Stock Exchange as QIHU.

After Qihoo 360 started operating as a public company, it eventually expanded its business and entered the smartphone market in 2012. In a joint venture with Haier, a Chinese electronics company, it released a new product line Battleship (phone). On the first day of releasing the new phone, the company received over 200,000 pre-orders.

Later in 2012, the company released a search engine so.com and it became a competitor of Baidu, China’s one of the most prominent search engines. With this new search engine, China captured around 10% of the total search engine market. In 2013, the company released another search engine called leidian.com to strengthen its presence in the mobile market. As the sales started increasing, Qihoo decided to set up a venture capital fund in Silicon Valley in 2014.

Privatization Of The Company

In 2015, the company announced that it is being acquired by a group of investors and will enter into a privatization agreement valued at $9.3 billion. For privatization of the company in NYSE, the funding came from mortgaging the building of the company and also a $3 billion loan from China Merchant Bank. Qihoo 360 officially became a private company in July 2016. Getting delisted in the US also became an opportunity for the company to grow in its domestic market and also become a key member of the national security of the nation. After the privatization of the Company, China International Capital Corporation (CICC) estimated that the value of the company will increase six-folds than its US value.

Recent Days

After Qihoo 360 became a private company, it decided to go public in China by means of a reverse merger. Qihoo 360 made the deal of reverse merger with a public company called SJEC Corp. The deal was to make Qihoo the dominant entity while SJEC survives as the subsidiary of the company. The reverse merger was completed in February 2018 which led Zhou Hongyi to hold 12.14& shares of Qihoo 360 and 51.56% shares of the two shareholding firms.

Zhou Hongyi – Founder and CEO

Zhou Hongyi is a famous Chinese entrepreneur and billionaire. Famous for co-founding Qihoo 360, he ranked number 45 on the Forbes China Rich List in 2018. Zhou is one of the first internet entrepreneurs in China who was responsible for changing the internet landscape of the nation.

John McAfee : The American Computer Programmer and the Founder Antivirus Firm McAfee

The rise of the internet has brought a lot of facilities for humans. But for every good thing, one has to pay the price. With the increased facilities, there is another thing which is growing at a fast pace, i.e. Cyber Crime. As much as your valuables are important, your identity is too. But with cyber-crimes expanding, it is very hard to keep one’s identity inclosure. Hacking is at its prime with hackers have been spread all over the world. But how could it be possible that humans would not look out for a solution to this problem, too?

There exist antiviruses and several other safety measures that make one’s data safe from those hackers. One of these antiviruses is McAfee Antivirus, which, as of now, is the largest dedicated security technology. The founder of McAfee, John McAfee, also shares a story which is none the less than the rise and falls of a rollercoaster ride.

Early Life

McAfee was born in Forest of Dean, Gloucestershire, the United Kingdom on September 18, 1945. He was raised by his mother in Virginia. His father, at quite a young age, committed suicide. This incident left McAfee with a scar in his memory. He received a bachelor’s degree from Roanoke College. And, the same college awarded him with an honorary Sc.D. degree in 2008.

Career

McAfee always had an entrepreneurial spirit in him. During his college days, he started his business career by selling magazines door to door. Alongside, he started working at a company that coded punch card systems in the late 60s. With this job in the hand, he learnt basic computer operations. And, with this computing knowledge, he acquired a job at Missouri Pacific Railroad, where he helped the company to use IBM systems to calibrate train schedules. During this time, he got addicted to drugs and with time the addiction was only increasing.

John McAfee
Image Source: newyorker.com

One of the interesting stories that revolve around this is that once McAfee was sold a bag of DMT (Hallucinogenic drug). He sniffed a little bit of it and felt nothing. So he decided to sniff out the whole bag. When he did, the world around him changed as if the hell breaks loose. He ended up hiding behind a trash can hearing voices and hoping that no one would look at him.

After this incident, he never went back to the Pacific job. He moved to the Silicon Valley, in the 1970s, where he was employed as a programmer by NASA’s Institute for Space Studies in New York. McAfee switched many jobs starting from NASA to Univac as a software designer, to Xerox as an operating system architect, and then moving to Computer Sciences Corporation. He also worked for Booz Allen Hamilton. This was all going on, while he remained high on drugs. It was until 1983 that he got clean. While working for Lockheed, he came across the first computer virus. Computers in that era were still a new concept, but for McAfee, the virus situation became an opportunity. He decided to start his own company to fight back viruses.

Founding McAfee

In 1987, he founded McAfee Associates, a computer anti-virus company. He started working full time at the company. Initially, the company operated through his home in Santa Clara, California, which now is the headquarters of the company. By the end of the 1980s, the company made around $5 million and was the best anti-virus software that was in the market.

The company’s large popularity was due to the virus “Michelangelo”, which entered the digital scenario in 1992. Due to the rise of Michelangelo, McAfee Associates too rose, as the fever of security got into many minds. In 1992, it was incorporated in Delaware, and in 1994, McAfee resigned from the company keeping some shares to himself. As McAfee Associates became a multimillion-dollar business, the company went public, and McAfee sold all the remaining shares giving him nearly $100 million. McAfee Associates was merged with Network General to form Network Associates. In 2004, the name of the company changed to McAfee Inc.

In August 2010, Intel announced that it would be acquiring all the services of McAfee Inc., keeping the company separated. The deal was valued nearly $7.68 billion and $48 a share.

John, when asked about the acquisition, gave a surprising expression by saying, “I am now everlastingly grateful to Intel for freeing me from this terrible association with the worst software on the planet. These are not my words, but the words of millions of irate users.”

Life After McAfee

After leaving McAfee, John looked for a low-profile life. He started giving lectures at business schools, startup advice to the young and worked on his own projects. He worked on ‘Tribal Voice’ and ‘PowWow’ which, however, could not make the mainstream. In 2009, a report from The New York Times suggested that McAfee was hit hard by the global recession of 2008, which reduced his $100 million to a mere $4million. Although, McAfee denied the report and has always referred it to as false. In the late 2000s, McAfee sold his land and decided to move to Belize. He believed that he could enter the Antibiotics industry and make a product that would, eventually, cure illness using plants. In February 2010, he alongside his microbiologist friend Allison Adonizio opened a company, named QuorumEx. The company was headquartered in Belize and aimed to produce natural antibiotics.

The Journey of McAfee (The Company)

McAfee is premium in its services. It provides digital security tools for every bit of your computer. Some of the services that it provides are – IntruShield; McAfee Anti-Malware Engine Core; Change Control; DAT Reputation; Site Advisor; Virus Scan.

The company also has come with important acquisitions to strengthen its build. It acquired Nitro Security in October 2011, which enabled McAfee to provide high-performance security and event management solutions. Another acquisition that the company made is tenCube. This allowed it to provide mobile security for anti-theft and data security. Several other purchases the company made are Trust Digital, Sentrigo, ValidEdge, Stonesoft, Site Advisor, Foundstone, Onigma Ltd., TunnelBear, and many more. McAfee is today, the largest firm when it comes to security technology.

Hence, the story of the McAfee, the company, and its founder, John McAfee, vividly say that fortunes do come with hard work but they need to be preserved using one’s persona and attitude.

Avast : Largest Security Company in the World, Fighting the Cyber Attacks

Having more than 435 million users worldwide, Avast Software is the biggest antivirus providers in the world. Headquartered in Prague, Czech Republic, the company was founded by two people who avoided opting for physics in college, to avoid entering into politics and joining Communist Party of Czechoslovakia. The thirty years of history of this cybersecurity company once had started with a team of 40 people, and after thirty years, it has approximately 1,700 employees, across its 25 offices worldwide. The company not only have the largest number of global users, but it also had the biggest tech IPO of 2018.

The Founders

Two Czech software engineers Pavel Baudis and Eduard Kucera, founded Avast in 1988 almost 31 years ago, as Alwil.

Eduard-Kucera-Pavel-Baudis
Image Source: usatoday.com

Baudis was a graduate from the Prague University of Chemical Technology and majored in Information Technology. After graduating from the university, he started working as a Graphics Specialist at the Mathematical Research Institute. In 1986, the first computer virus came into being, and, after two years, in 1988, Baudis wrote the first antivirus program to remove it.

The other co-founder of Avast, Eduard Kucera was born in 1953 and was graduated from the Charles University.

Kucera also worked at the Research Institute for Mathematical Machines, where he met Baudis.

According to Forbes (2017), both Baudis and Kucera are the 8th wealthiest men in the Czech Republic.

Founding Avast

Working at RIMM, Pavel Baudis came across a virus named Vienna and developed the first program to remove it. The success of the program made him think of founding Alwil, a cooperative to develop antivirus, with Kucera.

In the 80’s it was prohibited to have private ownership, so the two co-founders left the Research Institute of Mathematical Machines, in order to found Alwil, under Socialist Union of Youth (the only legal private-owned business entity at that time). They developed the first software named Avast under Alwil.

In 1991, they turned the cooperative into a joint partnership, in the wake of the Velvet Revolution. Due to the Velvet Revolution, there was a huge change in the country’s economy. In 1995, the company released its first antivirus program for Windows 95, written by Alwil employee, Ondrej Vlcek . In the 90s the software became really popular, and Avast received an award from the IT security testing organization, at the Virus Bulletin.

The late 90s were not very good for the company, financially. So in 2001, the company launched a freemium program, in which the users could use its basic product, for free. By 2004, the number of free users grew to a million, and in just two years the number had multiplied twenty times.

In 2010, the company was rebranded as Avast, raising $100 million in venture capital investments. Till 2013, Avast had extended its services in 38 countries, in 43 languages and 200 million people using the software.

In 2014, Avast valued at $1 billion after CVC Capital bought an interest in Avast. The company also launched its mobile app in the same year. In 2015, it became the biggest antivirus company in the world, having the largest share in the market for antivirus software.

In 2016, Avast acquired AVG, for $1.3 billion, and in the following year, it acquired UK-based company Piriform. In May 2018, the company went public on the London Stock Exchange and valued at £2.4 billion. It was one of the biggest technology listings of UK.

Quick Heal Technologies: From earning $12 per month to billion dollar antivirus company

Stories of great achievers are always very enchanting, yet they are true and no fairy tales. Anyone with required skills, dedication, hard work, patience and never say die attitude can strive for the success.

Kailash Katkar, MD and CEO of Quick Heal Technologies Limited, never waited for success to find him, rather made all possible efforts to reach out to it. He did not belong to a rich family, did not have luxuries to lead a comfortable life yet he is at a position now where he can enjoy every comfort of life. But all this did not come to him in legacy; it is the fruit of his hard work and talent. And in his journey to the desired destination, his younger brother Sanjay Katkar accompanied him as a reliable support.

Image Credit: www.quickheal.co.in

Early life & hard work
Katkar belongs to a very modest Maharashtrian family, born in a small village at Rahimatpur, India. Since, the village was too small to support them with future prospects, they moved to Pune where his father worked as a machine setter in Philips. With a handful amount of family income, it was getting tough to manage all the requirements and this made Katkar take up a job right after his graduation. He worked as a mechanic at a local calculator and radio repair shop and managed to add $12 (INR. 400) to the family income kitty. But stagnation was something not made for Katkar. Following his interest in technical field, he learned to repair gadgets popularly used in offices in those days which included desktop electric calculators, radios, TVs, ledger posting machines and so on. From this side business, he could successfully earn $65 (INR 2000) a month which was undoubtedly an achievement for him then. But this achievement did not make him happy enough to stop. His dreams were not of walking on roads but to fly in the sky. Pursuing the same he set up his own hardware repair shop, whose success gave him a comfortable living.

Entry into the entrepreneur world
A comfortable life never tempted Kailash Katkar so much as to settle down. His first step into the entrepreneur world could be marked by the opening of his own shop with an initial investment of around $200 (Rs. 15,000) which was a big deal two decades back. The first year of this one-man venture gave him an income of $1100 (INR 45,000) which was quite decent but not enough to satisfy Katkar. He began feeling an incompetency in his skills and therefore went on to attend short computer courses around 1991-92 so as to look forward to a better venture and earn more and more. He set a second milestone in his way to be a successful entrepreneur by establishing a new business of computer services, keeping up the repair shop running at the same time. In 1993 he won the annual maintenance contract for New India Insurance, leaving all the well-established corporate ventures far behind. This success shows the amount of dedication this man gave to his work which led him to generate a turnover of $2300 (INR. 100,000).

During this time, popularity of computers in India began expanding and at the same time many virus related problems were also observed. This is when Kailash Katkar and his brother Sanjay Katkar got the idea of developing antivirus software to relieve people of such issues with their systems. Going along with the flow of their business, they appointed some software engineers later and with the immense efforts of each member they developed a better version of antivirus software.

Rebounded from the verge of shutdown
Promotion and marketing of Quick Heal remained limited to Pune area only for many years. Katkar brothers were finding it hard to manage a office in Pune in the absence of outside investment. It was then in 1999 when they decided to shut down the antivirus business.

However, on the suggestions of few friends they decided to give it a last shot with aggressive marketing. They started with half page ad in Times of India. Happy with their success they went on to open various branches of their setup in different parts of the country and by the year 2005-2006, they expanded the cause focusing on computer speed, mobile security and gateway level protection. They then, renamed their company to Quick Heal Technologies in 2007 which is counted among one of the popular companies in this field. In 2010, Quick Heal received an investment of $13 million (INR 60 Crores) from Sequoia Capital with another round of funding of $19.7 million from anchor investors, including BNP Paribas Advantage and Reliance Mutual Fund later.

This funding helped Katkar open sales offices in countries like Japan and the US. Today, Quick Heal Technologies have tie ups with several countries across the globe and its achievement is surely not unheard. It has grown to  31 branch offices with over 8 million customers worldwide.