31 Oct '12, 7am

tenCube's Darius Cheung on life with McAfee - e27

tenCube's Darius Cheung on life with McAfee - e27

Darius Cheung is happy. He is practically beaming over his morning coffee at the plush Dempsey Hill enclave in Singapore, where he has just finished breakfast with longtime friend James Chan , Neoteny Labs’ investment manager. “We’ve been tearing our hair out,” he says, beaming. “Figuring out how to do export control for our products, which we never thought would be necessary.” Cheung has to solve problems like export control because he just sold the company he co-founded , tenCube, to global security giant McAfee days ago. His product, an anti-theft software for mobile platforms called WaveSecure, may now be sold in dozens of markets where McAfee has distribution deals. Some estimate the deal to be worth $25 million . Singapore’s startup scene hailed tenCube’s buyout with jubilation, although it wasn’t the only exit in recent months. Days after the tenCube deal was announ...

Full article: http://e27.sg/2010/08/10/tencubes-darius-cheung-on-life-w...

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