![]() ![]() Thus consolidation was likely the way to go for both parties. Plus sales in this space are at best, flat. ![]() But you could see it coming as Microsoft for example is stepping up its game when it comes to endpoint security and anti-virus. This deal basically takes two of the biggest players and takes them down to one. “Combining the strengths of two great tech companies, both founded in the Czech Republic and with a common culture and mission, will put us in a great position to take advantage of the new opportunities ahead, such as security for the enormous growth in IoT.” “We are in a rapidly changing industry, and this acquisition gives us the breadth and technological depth to be the security provider of choice for our current and future customers,” said Vincent Steckler, CEO of Avast. Access to more devices will serve the joint company a bigger pool of data on malware, meaning it should be better positioned to offer improved security products. Almost half of those are mobile, which is key in a world that is increasingly shifting away from the desktop. ![]() The combined company will have access to “400 million endpoints” - that is, devices that have some form of Avast or AVG application installed. Here’s why Avast did the deal:Īvast said that it’s acquiring AVG to “gain scale, technological depth, and geographical breadth” and so it can “take advantage of emerging growth opportunities in internet security, as well as organizational efficiencies.” In a blockbuster deal, Netherlands based anti-virus software maker AVG has been acquired by Avast in a huge deal that is worth $25 a share or $1.3 Billion US in total. ![]()
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