AhnLab Considers Overseas M&A

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Thursday, October 22nd, 2009
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Local antivirus company AhnLab expects its overseas revenue to increase to more than half of total sales in three to five years, up from about 10 percent currently, its chief executive said on Tuesday.

"We see that the (Web security) service market would outgrow the antiviral products market soon," CEO Hongsun Kim said in an interview.

AhnLab is the biggest among South Korea's listed software makers.  The company is focusing on Web security services that combine analysis and treatment of network troubles for overseas growth.

"Vaccine is not our top priority in entering the overseas market," Kim said. "Services market is more of our focus."

AhnLab this year launched a new version of its flagship antivirus software V3 in the United States, the largest computer security market, dominated by McAfee and Symantec.

Kim said AhnLab recently held talks with two US Internet security firms for possible acquisitions, but declined to identify the companies.

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