If you use a PC or smartphone, chances are you're using a free antivirus software which are either AVG or Avast.
They both offer a good antivirus and system defence,targeting different markets.
Avast is pursuing the acquisition of AVG and the developers have announced that they have entered an agreement in which Avast will purchase all of the outstanding ordinary shares of AVG at $25.00 per share in cash for a total sum of $1.3 billion.
According to Avast ,acquiring AVG will allow it “gain scale, technological depth, and geographical breadth " and so it can “take advantage of emerging growth opportunities in internet security, as well as organizational efficiencies.”
The combination will allow it get access to 400 millions endpoints, of which mobile users are 160 millions making it easy to detect and neutralize new threats as soon as they appear and create more technically advanced personal security and privacy products.
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AVG Technologies also said "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."
"We believe that joining forces with Avast, a private company with significant resources, fully supports our growth objectives and represents the best interests of our stockholders," said Gary Kovacs, chief executive officer, AVG. "Our new scale will allow us to accelerate investments in growing markets and continue to focus on providing comprehensive and simple-to-use solutions for consumers and businesses, alike. As the definition of online security continues to shift from being device-centric, to being concerned with devices, data and people, we believe the combined company, with the strengthened value proposition, will emerge as a leader in this growing market."
The deal is expected to be seal between September 15 and October 15 depending on the regulatory review and approval.
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