In a significant business deal within the cybersecurity industry, security giant Avast has revealed its intention to acquire antivirus software firm AVG for a transaction of around $1.3 billion.
Prague-based security software firm Avast has announced a landmark acquisition which will see the company purchase fellow Czech software giant AVG, in an all-cash deal of $1.3 billion.
Avast will offer to purchase all outstanding ordinary shares of AVG for $25.00.
The deal will see both companies’ products combine their products under Avast’s banner. Avast states that the combination of users from both Avast and AVG exceeds 400 million endpoints, out of which 160 million [...]
A $125 million fund is currently being raised by a group of former executives and investors involved with prominent commercial security software maker, AVG technologies. A founding partner is clear about the investment fund – to tap into the burgeoning cybersecurity market.
A group of executives and investors formerly associated with antivirus giant AVG are raising $125 million to invest in the expanding cyber security market, according to Forbes.
The demand for and prominence of cybersecurity has grown substantially in recent years. Cars; healthcare organizations; government databases; nuclear administrations; airlines; gaming networks; dating websites; the White [...]