Thursday, June 11, 2009
CyberDefender Gains $2M From Guthy-Renker
Los Angeles-based CyberDefender, a developer of PC security and antivirus software, announced Thursday that the firm has raised $2.0M in equity from marketing firm Guthy-Renker. According to the firm--which is traded OTC--the restricted common stock investment by Guthy-Renker also came with an extension of an agreement the two companies have until June 2011. CyberDefender said $400K of that investment will actually go back to Guthy-Renker for production of television commercials for the firm, with the remainder going towards hiring new staff, improving customer service, and a better e-commerce platform.