Piriform Ltd.

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Piriform Ltd. - overview

Established

2004

Location

London, -, UK

Primary Industry

Software

About

Piriform Ltd. is a software development company specializing in optimization and privacy tools, most notably known for its flagship product, CCleaner, which enhances computer performance and user privacy. Founded in 2004 in London, UK, Piriform Ltd. focuses on software solutions that improve system efficiency.


In July 2017, the company was acquired by Avast Software for USD 121. 4 mn. The acquisition marked a strategic pivot to integrate Piriform's products into Avast's portfolio, enhancing their offerings in system maintenance and security. Piriform Ltd.


is renowned for its CCleaner product, which offers a suite of optimization and privacy-enhancing tools for individual and business users. This software aids in system performance by removing unnecessary files, browsing history, and redundant data. CCleaner Professional includes advanced features such as Smart Cleaning and automatic updates, ensuring users benefit from maximum efficiency across platforms like Windows, Mac, Android, and iOS. Piriform Ltd.


generates revenue primarily through subscriptions to its CCleaner Professional product, which offers enhanced functionality compared to the free version. Revenue is also derived from direct purchases and annual subscriptions, alongside affiliate programs and partnerships promoting additional products such as Defraggler and Recuva, which complement CCleaner’s functionalities. Following the acquisition by Avast Software, Piriform Ltd. plans to leverage its resources to enhance product development, particularly with a focus on expanding its CCleaner suite.


The company is poised to explore new markets, particularly in Europe and North America, aiming to increase its global user base by the end of 2023. The recent funding from the acquisition will be utilized to support these initiatives, enhancing product features and expanding marketing efforts.


Current Investors

Avast Software, s.r.o.

Primary Industry

Software

Sub Industries

Monitoring & Security Software, Operating Systems (OS)

Website

www.piriform.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Piriform Ltd. - 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-onCompletedPiriform Ltd.-

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