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Qihoo Aiming To Become Force In Internet Security
The company recently announced plans to boost its stake in PSafe Tecnologia, a Brazilian provider of antivirus software.
"With a goal to become the biggest name in the global security service industry, Qihoo has begun its expansion activities in certain less-developed countries like Brazil, India, Russia and South Africa where it has identified growth prospects," Zacks Equity Research said in a note Monday.