Javelin Networks Inc.

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Javelin Networks Inc. - overview

Established

2014

Location

Austin, TX, US

Primary Industry

IT Security/Cybersecurity

About

Javelin Networks Inc. specializes in providing comprehensive online betting evaluation services, focusing on the review and verification of Toto sites to ensure safe and trustworthy gambling experiences for users. Founded in 2014 and headquartered in Austin, US, Javelin Networks Inc. offers services to verify online betting platforms.


The company was acquired by Symantec Corporation in November 2018 for USD 25 mn. Co-founders Guy Franco and Roi Abutbul have previously contributed to technology ventures and have successfully navigated the evolving landscape of online betting. Javelin Networks Inc. primarily offers a comprehensive guide to online betting platforms, with a focus on reviewing and verifying Toto sites.


Their core service aids users in identifying safe and trustworthy online gambling environments through rigorous evaluations of safety standards, procedures, and user experiences. Catering primarily to the South Korean market, they serve a diverse clientele, including both novice and experienced bettors seeking reliable options. Javelin Networks Inc. generates revenue through subscription-based access to premium content, allowing users to pay for detailed reports on specific Toto sites.


This pricing model includes tiered memberships that offer varying levels of access based on user preferences, with key products including their verification services and comprehensive guides designed for customer satisfaction and safe betting practices. Javelin Networks Inc. is strategically focused on launching new products and enhancing existing services in the online betting space. The company aims to expand its market reach beyond South Korea, targeting international users interested in secure betting practices.


Recent funding from the Add-on round, led by NortonLifeLock Inc. , will be utilized to support these initiatives, strengthening their service offerings and market position.


Current Investors

Silver Lake, NortonLifeLock Inc.

Primary Industry

IT Security/Cybersecurity

Sub Industries

Security Services, IT Security/Cybersecurity, Monitoring & Security Software, Analytics & Performance Software

Website

www.javelin-networks.com

Verticals

Artificial Intelligence

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Javelin Networks Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedJavelin Networks Inc.-

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