Telefonica and Kibo Ventures invest in Blueliv

Kibo Ventures, through the Amerigo Investment fund, Telefonica Ventures, the venture capital arm of Telefonica, and entrepreneur Roger Casals have invested 2.5 million euros in the cyber security company Blueliv, to develop new products and fund the firm’s international expansion.

This makes Blueliv the first example of joint investment between Kibo Ventures, a branch of the Amerigo Venture Capital network sponsored by Telefonica, and Telefonica Ventures. Telefonica will also endorse the company’s potential through Telefonica Digital and its subsidiaries in Europe and Latin America, by including Blueliv solutions in its cyber security offer.

Blueliv has developed a cloud-based solution that protects organizations from credit card fraud, data theft, and the latest generation of malware and cyber threats.

In response to the need of businesses and governments to stem the rapid transformation and evolution of cyber-attacks, Blueliv has designed an innovative, highly valued technology that enables real time searches for threats originated outside the perimeter of a company’s Information Systems.

In the coming years, Blueliv expects to increase its turnover exponentially, reaching 25 million euros by 2017. Moreover, this year the company plans to double the number of cyber security and intelligence specialists.

Javier Torremocha, a founding partner of Kibo Ventures, explains, “Cyber threats are rampant these days and they pose a serious risk to the current development of companies and governments.” He continues, “Blueliv’s cyber threat prevention solution, fits perfectly with our investment strategy, which focuses on innovative, globally applicable technology.”

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