Two of the bigger virus protection names are joining forces with Avast dishing out $1.3 Billion to snap up rival AVG. Together the two companies will provide virus protection on 400 million devices worldwide and will be able to detect and take care of threats easier thanks to the increased pool of devices. Time will tell how this all works out but it seems like a good partnership at this point in time. Venture Beat has the full story.
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.