Two big names in the security market will unite: Avast announced the purchase of AVG for $ 1.3 billion, or $ 25 per share.
The acquisition was announced in a post on the official blog of Avast signed by CEO Vincent Steckler. He noted that companies are constantly confused – perhaps by similar origin, since both are from the late 80s and emerged in the Czech Republic, and both are known to distribute antivirus free.
Together, the companies will have over 250 million users between PCs and Macs, plus 160 million mobile devices. What the acquisition mean for these people? Steckler not detailed, since the purchasing process is still underway, but he says that the union of the user base can help Avast to offer faster in detecting threats.
The agreement was approved by the board members of both companies and now depends on the green light from regulators to be finalized, which Avast expect to happen in the coming months.
The process does not allow us to talk a lot about how we would operate after combining, etc. so I can just say a little. I do think this combination is great for our users. We will have over 250 million PC/Mac users enabling us to gather even more threat data to improve the protection to our users. In mobile, our combined 160 million mobile users will be used to improve protection as well as to provide an important stepping stone into the Internet of things. Additionally, we will be gaining some exciting mobile technology designed to protect families on line. In SMB, we will be better able to support our business users with a larger geographic footprint, better technical support, and the best technologies from our two companies.
Our website (and AVG’s) contains a lot more information about this transaction—the press release, FAQs, etc. As we are allowed during the process, we will convey to you, our users and customers, all the information that we are allowed. Most importantly though, I assure you that we value every single Avast and AVG user and will do our best in the future to keep you protected and to keep your trust.