AVG Technologies
Company AVG Technologies Performance Indicators 2018  Among the largest IT companies of Europe History 2016  Avast buys AVG for $13 billion 1991  Foundation of the company in the Czech Republic Notes Information technologies
Company AVG Technologies, Performance Indicators, 2018  Among the largest IT companies of Europe, History, 2016  Avast buys AVG for $13 billion, 1991  Foundation of the company in the Czech Republic, Notes
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Performance Indicators

2018: Among the largest IT companies of Europe

History

2016: Avast buys AVG for $1.3 billion

On July 7, 2016 the Czech producer of antiviruses Avast announced purchase of AVG for $1.3 billion. Due to this merger of Avast is going to expand business and geographical presence.

Under the terms of the agreement, Avast will pay $25 for each stock AVG that is one third more than the market value of one action as of July 6, 2016. The transaction will be paid from cash and a credit.

Before Credit Suisse Securities, Jefferies and UBS Investment Bank provided Avast a loan in the amount of $1.685 billion Besides, the producer of software attracted $150 million investments in exchange for the actions.

The deal on sale of AVG of Avast company is going to be closed during the period from September 15 to October 15, 2016 depending on approval dates of receipt from regulators.

As a result of the announced merger of Avast hopes to have more opportunities for business development in the field of Internet security and also to make broader geographical expansion and to master the new markets, such as Internet of Things.

Besides, this transaction will open Avast access to 400 million end devices, including to 160 million mobile.

We work at quickly changing market, and this acquisition will give us the wide scope and technology depth necessary in order that our acting and future clients selected us as solution provider for information security — the CEO of Avast Software Vince Steckler said.

According to the head of AVG Gary Kovacs, merge to the Avast private company having considerable resources "completely answers our tasks of growth of business and the best interests of shareholders".

Avast is not going to remove the AVG brand from the market, and will share it with the brand that, according to the company, should strengthen its positions in the different markets.[1]

2011

For March, 2011 products of the company protected more than 110 million home users and small enterprises in 167 countries of the world from constantly growing quantity the Internet of threats, viruses, undesirable messages, virtual swindlers and hackers on the Internet. The company locates one of the most modern laboratories for detection, a research and fight against threats on the Internet worldwide.

The company cooperates from about 28,000 resellers, partners and distributors, including Amazon.com, CNET, Cisco, Ingram Micro, Play.com, Wal-Mart and Yahoo!.

1991: Foundation of the company in the Czech Republic

The AVG company is founded in 1991 in the Czech Republic.