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Saturday, July 9, 2016

Stunning!! Avast Acquires AVG For $1.3 Billion!!!

As a Windows PC user, it is very likely that at some point you installed AVG Antivirus into your gadget.
AVG is one of the most used Antivirus client used over the world, helping in the constant war with malware and viruses.
Avast is also another very cool well known.
Antivirus client that Im sure we are conversant with.

Both Avast and AVG used to be rivals in the Antivirus market, however Avast has stepped up and,.....wait for it...

Avast has acquired their direct competitors in a stunning, mind blowing move.
Nobody saw this coming. 😲 😲
Well, except maybe the executives and they sure did keep it hush hush 😯
The acquisition is reported to have cost a whooping $1.3 billion.
Avast is also expected to pay $25 cash for each of AVG’s
outstanding ordinary shares.

Quoting Vincent Steckler (Avast CEO) on this :

“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, 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.”

Avast's reason for the acquisition is to gain scale, technological depth as well as geographical breadth so that it can take advantage of emerging growth opportunities in internet security.
Having acquired AVG, the combination of both companies gives Avast access to more than 400 million devices that have either Avast or AVG installed.
Dope deal!!!
While AVG "might" not have felt happy with the acquisition, it bodes well for Avast Antivirus users, as they have twice the strength 💪 as before.
Malwares and Viruses are definitely shivering 😁 😁

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