• Home
  • About 404TS
  • Contact

404 Tech Support

Where IT Help is Found

  • Articles
    • Code
    • Entertainment
    • Going Green
    • Hardware, Gadgets, and Products
    • Management
    • Network
    • News
    • Operating Systems
    • Security and Privacy
    • Software
    • System Administration
    • Talking Points
    • Tech Solutions
    • Web
    • Webmaster
  • Reviews
  • Media
    • Infographics
    • Videos
  • Tech Events
  • Tools
    • How do I find my IP address?
    • Browser and plugin tests
  • Get a Technical Consultation
You are here: Home / Articles / News / Avast to acquire AVG for $1.3 billion

Avast to acquire AVG for $1.3 billion

2016-07-07 by Jason

Antivirus company Avast announced this morning that it is in agreement to acquire fellow security company AVG. From the Avast blog:

Under an agreement signed with AVG, Avast will be making an offer ($25 per share or about $1.3 billion in total) to buy all shares of AVG’s stock which AVG’s board is recommending their shareholders accept.

Both companies share a similar foundation and expansion timeline as well as both originating in the Czech Republic. By expanding their customer base, the future company looks to increase their gathered threat data , broaden mobile services, and improved support for SMB customers. Other details are somewhat limited pending the shareholder approval. You can see what information is available on Avast’s press release.

“We are in a rapidly changing industry, and this acquisition gives us the breadth and technological depth to be the security provider of choice for our current and future customers,” said Vince Steckler, chief executive officer of Avast Software. “Combining the strengths of two great tech companies, both founded in the Czech Republic and with a common culture and mission, will put us in a great position to take advantage of the new opportunities ahead, such as security for the enormous growth in IoT.”

Filed Under: Featured, News, Security and Privacy, Software Tagged With: acquisitions, avast, avg

Trending

  • Product Review: Jaybird Freedom F5 wireless earbuds
    In Featured, Hardware, Gadgets, and Products, Reviews
  • Group Policy Advanced Info
    In System Administration, Tech Solutions
  • Script Your Default Printer
    In Code, Hardware, Gadgets, and Products, Tech Solutions

Latest Media Posts

Find Out Where To Download SNES ROMs

Find Out Where To Download SNES ROMs

Multifunctional Video Conversion Tools – Wondershare Video Converter

Multifunctional Video Conversion Tools – Wondershare Video Converter

  • Popular
  • Latest
  • Today Week Month All
  • How to ‘Unblock’ multiple files at a time with PowerShell How to 'Unblock' multiple files at a time with PowerShell
  • Increase IIS Private Memory Limit to improve WSUS availability Increase IIS Private Memory Limit to improve WSUS availability
  • Command line to take ownership and change permissions Command line to take ownership and change permissions
  • Creating and editing views in phpMyAdmin Creating and editing views in phpMyAdmin
  • Read the Event Logs on Windows Server Core Read the Event Logs on Windows Server Core
  • How to Purchase Cryptocurrencies? How to Purchase Cryptocurrencies?
  • Top 6 necessary aspects to consider when hiring Angular developers Top 6 necessary aspects to consider when hiring Angular developers
  • Full guide on drawbacks and benefits of Node.js for making the perfect choice for your business Full guide on drawbacks and benefits of Node.js for making the perfect choice for your business
  • Benefits of End-To-End Testing That Will Match Company Expectations Benefits of End-To-End Testing That Will Match Company Expectations
  • 3 Key Features of Pets Health Monitoring Systems 3 Key Features of Pets Health Monitoring Systems
Ajax spinner

Elevator Pitch

404 Tech Support documents solutions to IT problems, shares worthwhile software and websites, and reviews hardware, consumer electronics, and technology-related books.

Subscribe to 404TS articles by email.

Recent Posts

  • How to Purchase Cryptocurrencies?
  • Top 6 necessary aspects to consider when hiring Angular developers
  • Full guide on drawbacks and benefits of Node.js for making the perfect choice for your business

Search

FTC Disclaimer

404TechSupport is an Amazon.com affiliate; when you click on an Amazon link from 404TS, the site gets a cut of the proceeds from whatever you buy. This site also uses Skimlinks for smart monetization of other affiliate links.
Use of this site requires displaying and viewing ads as they are presented.

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in