avast software Archive

Avast CEO on why it’s just spent $1.4BN to absorb security rival AVG

Security firm Avast has today confirmed the completion of a $1.4 billion acquisition of fellow Czech-based antivirus company AVG. The deal will see Avast’s customer base nearly double — swelling from 230 million to more than 400 million in total, 160M of whom are mobile users. 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 …