Avast AVG will acquire for $ 1.3 billion

                 Avast AVG will acquire for $ 1.3 billion

                                 

Two of the main actors of virus protection is agreed: Avast AVG will swallow 1.3 billion.

                                  

This is an agreement that could change the situation in the world of antivirus software. The more known to the public, namely Avast, decided to buy an equally strong competitor: AVG. The two entities based in the Czech Republic there are almost 30 stopped on the figure of $ 1.3 billion, or 33% more than last AVG evaluation.

A new giant for tomorrow's Internet

Specifically, with this movement wants Avast gain geographic reach and technological depth, with a particular view of the connected objects. By combining the two solutions facilities, the statement said advance a number of 400 million users, 160 million mobile. Leaders AVG and Avast have given their approval for the transaction and it remains at AVG shareholders to accept.

Avast and AVG: merging two very similar players

                     

For the CEO of AVG Gary Kovacs: "Our new scale will accelerate investments in growth markets and to continue to focus on providing complete solutions and simple to use for both consumers and businesses . "

Same story at Vince Steckler Avast Software: "We are in a fast-changing industry, and this acquisition gives us the scale and technological depth to be the preferred security provider for current and future customers. "He also adds:" Combining the strengths of two leading technology companies, both based in the Czech Republic and with a culture and a common mission will put us in an excellent position to capitalize on new opportunities ahead, such as security for the enormous growth in the IoT ".