Czech software company Avast Software is buying its rival AVG Technologies for $1.3bn, the two security software developers announced this morning.
“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,” Avast and AVG said in a joint statement.
As companies increasingly turn to mobile ways of working, greater attention is being paid to securing smartphones and tablets – especially on Android. Similarly, the advent of the IoT is creating millions, if not billions, of potential attack surfaces that can be used to leverage attacks.
The acquisition is still subject to regulatory approvals, but the companies said they expect the deal to be completed in September or October.
The Prague-based Avast and AVG, which is based in Amsterdam and listed in New York, were both founded in the Czech Republic at the turn of the 1980s and 1990s.