Security software giant Avast Software has acquired rival AVG Technologies.Avast will pay $25 cash for each of AVG s outstanding ordinary shares in a deal amounting to around $1.3 billion.Founded out of Czechoslovakia in the early 1990s — initially called Grisoft — AVG has grown to become one of the biggest brands in desktop and mobile security apps.It also offers a range of related services, including AVG Cleaner for Android and Mac.The company is now headquartered in Amsterdam.Avast s origins can also be traced back to the old Czechoslovakia, as the company was founded out of Prague in 1988.It has since emerged as one of the leading online security firms and is reported to control more than a fifth of the global antivirus software market.Though it is better known for its security software, Avast has branched out into other verticals — earlier this year, the company launched a new initiative to reveal the best Wi-Fi hotspots, using crowdsourced data.Avast 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.
The merger will give Avast control of 400 million network "endpoints" running the companies' softwareAntivirus vendor Avast Software has agreed to buy rival AVG Technologies for $1.3 billion in cash.The deal will give Avast access to over 400 million endpoints, or devices running its and AVG s software, 160 million of them phones or tablets, the company said Tuesday.Avast hopes the deal will make the combined company more efficient, as well as allowing it to take advantage of new growth opportunities such as securing the internet of things.We will have over 250 million PC/Mac users enabling us to gather even more threat data to improve the protection to our users, Avast CEO Vincent Stickler wrote on the company blog.The deal will also give Avast access to AVG s Zen mobile technology for controlling the protection of all a family s devices from just one of them, he said.
Avast, which is known for its consumer-grade antivirus software with over 230 million users worldwide, has announced that it will acquire rival AVG for $1.3 billion in an all-cash deal.Both firms have their roots in the Czech Republic.The transaction will allow Avast to expand its business across more markets worldwide; together, the two companies have a user base of about 400 million, including about 16 million people who use their mobile security products.Avast also hopes that its new acquisition will allow to create better security services for sectors like small and medium businesses and IoT hardware.It isn t yet clear if Avast will fold AVG s software offerings into its own brand or continue to sell them under the existing banner.
Antivirus firm Avast has announced a deal to buy rival company AVG for $1.3 billion £1bn .The transaction is an-cash offer for AVG's shares at a price of $25 per share.Avast will finance the deal with existing cash reserves and debt financing from third party lenders.The company said the purchase would help it "gain scale, technological depth and geographical breadth".The sale price represents a 32 per cent premium on AVG's average price per share over the last six months.At the end of 2015, Avast had a 15 per cent share of the global antivirus market, with AVG on 5 per cent, according to data from Opswat.
Security giant Avast has announced it intends to acquire fellow Czech-based antivirus software maker AVG for a purchase price of $25.00 per share in cash — resulting in a transaction that will total around $1.3 billion.Avast intends to finance the transaction using cash balances it holds, along with committed debt financing from third party lenders.The deal is aimed at gaining scale and geographical breadth, Avast said today.It also wants to build out its security offerings with an eye on emerging growth opportunities such as in the Internet of Things, as well as on serve existing customers with more advanced products.Organization efficiencies are also expected as a result of the acquisition, so presumably there will be some staff reductions owing to duplicate roles.On this, a spokeswoman for Avast said: We haven t started planning the team integration yet.
Security software provider Avast Software plans to pay around $1.3 billion in an all-cash tender offer for rival AVG Technologies N.V. AVG 31.11 % , in a bid to tap continued growth in the global cyber security market.Shares of AVG, down 8.9% over the past three months, were up 32% in premarket trading.The Prague, Czech Republic-based Avast Software, which provides both free and paid software for personal computers and mobile devices, said Thursday that it offered to buy all of AVG Technologies outstanding ordinary shares for $25.00 per share in cash.The offer price represents a 33% premium over AVG s closing price on July 6.Avast will finance the deal with internal resources and debt financing from third-party lenders.It has received a financing commitment of $1.69 billion from Credit Suisse Securities, Jefferies and UBS Investment Bank, and has contributed $150 million in equity investment to fund the deal.
Avast buys AVG for $1.3bn, giving it access to 400m PCs, smartphones, tablets and connected IoT devicesAvast has bought fellow Czech security firm AVG for $1.3 billion £1bn as it seeks to provide protection beyond PCs to smartphones and Internet of Things IoT devices.As companies increasingly turn to mobile ways of working, greater attention is being paid to securing smartphones and tablets – especially on Android.Similarly, the advent of the IoT is creating millions, if not billions, of potential attack surfaces that can be used to leverage attacks.AVG is now based in Amsterdam, but was formed in the Czech Republic in 1991, while Prague-based Avast was founded in 1988.Avast recently opened its new headquarters in Prague, hoping to stimulate the rest of the Czech technology industry, although it has offices housing more than 500 employees around the world.
We've seen a major move in the antivirus world this morning, as Avast has acquired AVG for the princely sum of $1.3 billion around £1 billion, AU$1.7 billion .Both companies were founded in the Czech Republic and are famous for their freebie antivirus offerings – with the obvious expectation being that Avast will be able to strengthen its protection due to bringing AVG's expertise on board.For its part, Avast says that the acquisition will give it further 'technological depth' and wider geographical coverage, along with improved organisational efficiencies.The company also mentioned pushing forward with security for the ever-expanding Internet of Things – a market which will indeed need security in spades.The new merged company will cover some 400 million devices, 160 million of which will be mobile devices.The acquisition is based on Avast forking out $25 per share in cash – a 33% premium over AVG's closing share price yesterday – and has been approved by the boards on both sides.
Security software giant Avast Software has announced it has agreed to purchase AVG Technologies for $1.3 billion in cash.The companies said in a statement that the acquisition will see Avast pay $25 per share for its Amsterdam-based rival.Along with its own cash, Avast is using the $1.6 billion in financing it received from Credit Suisse Securities, Jefferies and UBS investment bank to fund the deal.Both firms were founded in the old Czechoslovakia more than 25 years ago, going on to become two of the biggest names in security software.The companies have a user base of around 400 million between them, which includes the 160 million people who use their mobile products.Avast said the deal will enable the Prague-based firm to expand its overall reach, both in terms of customers and into new areas such as Internet of Things security.
AVG shareholders are being offered $25.00 per share in cash, a 33 per cent mark-up on the closing share price on Wednesday.AVG, Avast and rival Avira are the three main players in the market for freebie anti-virus scanners for Windows.All make their money by offering security software to consumers for free in the hopes that a substantial proportion will upgrade, known as the freemium model.Avast's planned acquisition of AVG will signal a radical industry consolidation.Avast is pursuing this acquisition to gain scale, technological depth and geographical breadth so that the new organisation can be in a position to take advantage of emerging growth opportunities in Internet Security as well as organisational efficiencies, Avast said in a statement.Combining Avast's and AVG's users, the organisation will have a network of more than 400 million endpoints, of which 160 million are mobile.
Avast, one of our past favorite desktop antivirus applications, is acquiring one of it s biggest rivals, AVG Technologies, for $1.3 billion in cash.The deal will give Avast access to hundreds of millions of devices.In a statement made on the Avast company blog, Avast CEO Vincent Steckler said the deal will give Avast access to over 400 million devices that currently use Avast or AVG s software.This includes 250 million PC and Mac users, and 160 million mobile users.The actual acquirement process will take a few months, says Steckler, but you can expect positive changes for the company in the near future, especially when it comes to their threat detection efficiency.Avast will be able to gather more threat data to improve user protection on PC, Mac, mobile, and even start branching out into Internet of things hardware.
Companies find positives in Brexit and AVG gets snapped up by AvastWelcome to Cross Channel, a weekly round up of the most pertinent stories from our sister site ChannelBiz, where you can find out all the latest developments, views and strategies from the world of the channel.Brexit is positive says acquired cloud data centre ownerFrance s InfraVia Capital Partners has taken a majority stake in UK data centre operator Next Generation Data NGD , which owns Europe s biggest data centre.NGD founder Simon Taylor claims: We believe that Brexit will possibly increase the on-shoring of data which we see as positive for NGD going forward.Brexit fails to dampen cloud spending says analyst IDC
The flaws allow hackers to easily bypass exploit mitigations in the OS and third-party appsSome of the intrusive techniques used by security, performance, virtualization and other types of programs to monitor third-party processes have introduced vulnerabilities that hackers can exploit.Researchers from data exfiltration prevention company enSilo found six common security issues affecting over 15 products when they studied how software vendors use hooking to inject code into a process in order to intercept, monitor or modify the potentially sensitive system API application programming interface calls made by that process.Most of the flaws enSilo found allow attackers to easily bypass the anti-exploit mitigations available in Windows or third-party applications, allowing attackers to exploit vulnerabilities that they couldn t otherwise or whose exploitation would have been difficult.Other flaws allow attackers to remain undetected on victims computers or to inject malicious code into any process running on them, the enSilo researchers said in a report sent via email that s scheduled to be published Tuesday.Antivirus programs accounted for most of the affected products the security company identified, but one vulnerability also exists in a commercial hooking engine developed by Microsoft and used by over 100 other software vendors.
Hundreds of security products may not be up the job, researchers say, thanks to flawed uses of code hooking.The research is the handiwork of EnSilo duo Udi Yavo and Tommer Bitton, who disclosed the bugs in anti-virus and Windows security tools ahead of their presentation at the Black Hat Las Vegas conference next month.The pair say 15 products including AVG, Symantec, and McAfee are affected.Scores more may be vulnerable thanks to their use of Microsoft's Detours, code Redmond says is used for "re-routing Win32 APIs underneath applications and is licensed by over 100 ISVs and used within nearly every product team at Microsoft."The researchers did not specify if Microsoft s enhanced mitigation experience toolkit EMET is affected.Attackers would already need access to a system to reap the benefits of the vulnerabilities and neuter the security platforms running on the target system.
If your Android phone keeps running low on battery, it might be because you're constantly using Snapchat.That's according to a new report out from AVG Technologies, which releases an app report each year. found that Snapchat most affected phone battery performance, followed by Spotify and messaging app and recently public company Line.
As most smartphone users know all too well, a single rogue app can have a devastating effect on the performance of your phone.They can drink your data, kill your battery life, suck up storage by caching files and smother performance.Thankfully AVG - the makers of mobile security software - are here to help by naming and shaming the worst offenders on Google s Android platform.According to its report, which chronicled the usage of 3 million Android users during the first few months of 2016, Google Maps, Snapchat and YouTube are highest on the list of silent resource killers.See also: 44 of the best Android appsOf the apps launched at start-up, it s unsurprisingly messaging apps feature prominently among the greatest hogs of power, battery life, data and storage.
Supports two simultaneous connections onlyHideMyAss has been a popular provider of VPN services for more than 10 years, but is now owned by AVG Technologies.Load balancing allows HideMyAss to recommend the server with the minimum load in any location, helping to keep your speeds high.Sounds good, but they're talking about the ability to use the service on almost any hardware, including smart TVs and games consoles.You need to check your account carefully, too, because even monthly accounts renew automatically.There is at least a 30-day refund, although that also has some conditions.
You might need the new Ally Wi-Fi system, which promises 15,000 square feet of secure wireless coverage for, quite literally, every part of your home.Promising built-in web protection and real-time monitoring of network traffic, web based downloads and user-generated searches, the Ally seems to have you covered in more ways than one.Branded as the first seamless roaming solution, the Ally can actually be controlled from your mobile device, so no matter where you are in your 15,000 square foot house, you ll have full control.Moreover, Ally boasts parental controls that help cautious guardians manage and limit access to certain content, websites, or apps.Parents can even monitor and segment their children s screen time, or set a curfew so bedtime means, well, bedtime.As for the security of the system, AVG Technologies has the Ally on lock.
The vast majority exist as adverts for their bigger siblings, as companies do their best to sell you upgraded versions with more features and 'enhanced' protection.These things need to be running all the time, and if they're annoying or hit your system resources too hard you'll have them uninstalled in a flash.Smart and well designed, with excellent detection rates, Avira is our pick of the bunchYes, AV-TEST's results show it to have a micron less protection than the likes of AVG, but it's the slickest, cleanest and least system intensive antivirus package going.It's almost as if the programmers sat down to determine exactly what users would want out of an antivirus package and somehow stumbled on the correct answer: something that isn't in your face every two seconds and doesn't slow your PC to a halt just by existing.It's not the glossiest package, and the install process is a bit pre-emptive, with Windows 10 repeatedly shouting at us to update Avira before it had even finished making its way onto our test machine, but we're inclined to blame Microsoft for the latter glitch.
The acquisition was announced back in July, with scale and geographical breadth touted as the driving forces, along with a plan to expand product offerings including in the Internet of Things space.Speaking to TechCrunch ahead of the deal closing, Steckler said the two companies have been circling each other for decades, given their shared industry and business location.And finally the summer Avast convinced AVG they were better off as one.This was, I think, the fourth attempt we have made in the last two or two and a half years to buy AVG, he said.But while competitive spirit kept them apart for years — a combination of pride and arrogance on both sides, reckons Steckler — larger forces reshaping the computing landscape and the security market are evidently driving them together now.Getting hold of AVG s 160M end points, to add to our 240M, it adds a lot more end points into our data analysis — which improves the security results and allows us to stay ahead of others.