Avast announced Thursday that it will acquire AVG, best known for its antivirus software, for $25 per share, or about $1.3 billion. Avast said the all-cash acquisition will help it "gain scale, technological depth and geographical breadth."
AVG made its name for itself as a strong and free antivirus suite many years ago, back in the 1990s, and has continued to offer products across PC, Mac and, now, Android. Combined with AVG, Avast said it will have more than 160 million mobile users, which is a huge chunk of the mobile security market. It doesn't just offer security products, either, with an array of options that include "tune-up" applications for various platforms that help systems run at their maximum potential.
"Combining Avast's and AVG's users, the organization will have a network of more than 400 million endpoints, of which 160 million are mobile, that act as de facto sensors, providing information about malware to help detect and neutralize new threats as soon as they appear," Avast explained on Thursday. "This increase in scale will enable Avast to create more technically advanced personal security and privacy products."
Avast said it also acquired AVG to help boost its security technology for IoT, or the Internet of Things, which is the next-frontier of products that will need to be protected from hackers, viruses and other software threats.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Illustrate your brilliant ideas on the best whiteboards
Teaching, training, and brainstorming represent a fraction of activities that involve a lot of writing and erasing. What better medium to use than a whiteboard? We have a collection of some of the best whiteboards available today.