AVG Technologies was acquired by Avast for $1.3 Billion
Throughout the years, people were coming to our London Laptop and PC Repair Service asking for security advice. They have been asking the same eternal question, “Who is better: Kaspersky, Norton, Avast, AVG?” The competition among Internet protection is fierce. But now the choice is easier to make, as one company deserts the battle front. A week ago, Avast purchased AVG Technologies.
Avast, the leader in digital security products for consumers and businesses, and AVG signed the contract about merging these two companies into one in June this year. Yet Avast closed the acquisitions of AVG Technologies on the 30th of September. Three days later they started working as a unified infrastructure. Avast paid $1.3 billion. As it was assessed by the 6th of June, the date when the contract has been signed, the offered price exceeded the actual stock value by 33%. However, interestingly enough, that Avast got the money from Jefferies, Credit Suisse and UBS as a $1,7 billion loan.
Thanks to this purchase Avast gained the largest network of threat detection.
It is more than 400 million devices with the function of active sensors, that detect and defuse even previously unreported threats. This network is sustained through over 9000 servers, that allow over 50 million simultaneous connections.