A company that has been earning a reputation as a leading provider of Internet security technology is CyberDefender. Based on California, the young corporation has gained notoriety with their Early Detection Center which provides a strong layer of added security to users on the web. Today, CyberDefender reached a major milestone and reported news that will make them even more appealing to investors.
It was announced that CyberDefender reached a record 350,000 paying subscribers and has generated an impressive 2,000,000 downloads per month since April of 2009 and looks to generate positive cash flow by the fourth quarter of 2009.
One of the leaders at CyberDefender is their CFO Kevin Harris. Prior to working for CyberDefender, Harris became a known name in the industry when he served as the Chief Operating Officer for Statmon Technologies Corp. The financial brilliance of Harris is a major reason why CyberDefender is a company on the way up.
When asked about the future of CyberDefender, Harris was quoted as saying, “By executing on our growth plan, while scaling our operations to match demand, we believe we are in a position to be cash flow positive by the end of 2009. We are pleased with the growth of our customer base, and believe this rapid growth validates the value of our product and the efficacy of our multi-channel marketing strategy.”
Currently, CyberDefender is trading in the $3.20 range and has soared off of its 52-week low of $0.60. With leaders such as Harris in place, a record number of paying subscribers and downloads increasing at a rapid pace, it is only a matter of time before CyberDefender becomes a household name and starts to catch the attention of institutional investors.