Avast completes acquisition of security firm AVG off

Oct

4

2016

Avast has completed the acquisition of competitor AVG. Since Monday, the companies will merge. As yet, nothing changes in the support of products. Avast will continue to assist and support both Avast- as AVG services, as the company promises.

Avast promises support for all products and services of both companies’ for the foreseeable future. ” Although the acquisition has been around, Avast has not yet acquired all the shares of the AVG in listed in hands. It currently owns more than 85 percent. The offer to shareholders is about one and a half week off.

Nevertheless, the acquisition has been completed by the end of September and both companies continued every Monday. Avast announced this summer that would take over the AVG, for converted nearly 1.2 billion euros.

With this acquisition, the total number of devices with products from Avast to 400 million, 160 million mobile devices, reports Avast. That it enables a company to better detect different types of malware, and to adapt its products thereon. Also wants the security with the acquisition ‘growing technical and geographical area’ and focus on new markets, such as the Internet-of-things.

Both Avast and AVG is originally Czech and they exist respectively in 1988 and 1997. The companies are known for their free antivirus software, of which there are also paid versions. AVG took itself in 2014, the Norwegian security company Norman on.

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