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Telefonica and Kibo Ventures invest in Blueliv

February 13, 2014

ENP Newswire - 13 February 2014

Release date- 12022014 - Madrid - Kibo Ventures, through the Amerigo Investment fund, Telefonica Ventures, the venture capital arm of Telefonica, and the 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 two years since its launch, Blueliv has obtained important clients in the financial, energy and telecommunications sectors in Spain and Latin America. A reinforcement of the shareholding structure -thanks to Kibo Ventures and Telefonica Ventures- coupled with Roger Casals' business experience in the security sector, will enable Blueliv to consolidate its leadership position with its product and embark on international expansion in the United States, Latin America and Europe.

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.

According to Ana Segurado, coordinator for Telefonica Open Future, 'This investment, in addition to the one recently announced by Amerigo through Kibo Ventures in Zuzeen, a startup accelerated by Wayra, are two clear examples of the collaboration between Telefonica's Group different investment instruments. As initiatives integrated into Telefonica Open Future -a global platform that is open to our partners for the purpose of sharing our innovation initiatives- they also reflect Telefonica's commitment to technological innovation and enterprise.'

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.'

In order to implement the capital increase, Blueliv received legal counsel from Rousaud Costas Duran (RCD), a law firm specializing in technological start-ups, innovation, and entrepreneurship. As for Kibo Ventures and Telefonica, Baker & McKenzie advised them

About Blueliv

Blueliv, a cyber security technology company, aims to develop revolutionary solutions to suit the business reality and the current climate of fraud and Internet threats. Founded by certified and internationally recognized security experts, Blueliv endorses a model of cyber security and intelligence that prevents cybercrime and manages organizational risk.

Its cloud-based technology monitors and analyses cyber threats originating from outside the perimeter of a company's Information Systems, in real time, in order to detect and combat credit card fraud, data theft, and the latest generation of malware and cyber threats.

Major international financial institutions and telecommunications companies are Blueliv's clients and its shareholders include Telefonica Ventures, Kibo Ventures and Roger Casals.

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bout Telefonica Ventures

Telefonica Ventures is the Venture Capital Group of Telefonica S.A. with offices strategically located in innovation hubs across the globe: Silicon Valley, London, Madrid, and Tel Aviv. As a unique corporate investor, the Venture Capital Group strives to make strategic investments in companies that are poised to dramatically improve the digital world. By leveraging the company's 320 million customers worldwide, Telefonica Ventures is able to build strong and lasting relationships with innovative companies throughout the world.

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About Kibo Ventures

Kibo Ventures is a Venture Capital fund based in Madrid (Spain), with a preeminent position in the Spanish market and a Super Angel positioning. It is one of the most active Spanish investors in the early stages of digital companies, with over 20 companies in its portfolio. It currently manages EUR45M of the Amerigo Invierte Spain Technologies FCR fund, part of the Amerigo network, promoted by Telefonica and CDTI, which also includes a relevant group of institutional investors such as Mutua Madrilena, Axis, Rosp Corunna and other private investors.

Kibo Ventures invests both in Spain and abroad, mainly backing exceptional Spanish entrepreneurs with differentiated technologies and business models with the potential to scale globally, while maintaining an active involvement supporting the development of the companies in its portfolio.

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About Roger Casals

Roger Casals has more than 18 years experience as entrepreneur of several software companies and has served different executive positions including Founder and CEO in most of them. Roger has had 4 successful exits, last one in 2013, selling PasswordBank to Symantec, where he is Senior Director, Product Management.

Additionally, Roger is Board Member, Partner or Investor at several companies such as Blueliv, PowerData, Lantares, MasMovil, MMiPhone and 3Scale.

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Maria Asin

T. +34 629085516

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Source: ENP Newswire

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