- May 7, 2016
- 1,307
Avast Software CEO, Vince Steckler, announces the completion of the acquisition of a majority stake in AVG Technologies.
In July, we announced our plan to acquire AVG Technologies. Today, I am proud to announce the completion of the acquisition of a majority stake in AVG. So we will operate as a single company as of Monday, October 3, 2016. I would like to extend a warm welcome to the AVG team, AVG customers, as well as carrier and channel partners, and I am eager to tell you about our plans for the next few months.
For nearly 30 years, AVG and Avast have grown up side by side, providing great security products to hundreds of millions of users around the world for free. Our similarities will make integrating AVG and Avast smooth and uncomplicated. We will continue to offer and support both the AVG and Avast branded products, and are transforming into a full service security company with the largest consumer installed base in the world and a significant SMB Business, and Mobile Enterprise business.
So what are we gaining through this acquisition?
We now provide unprecedented protection for our users. This is possible by expanding our user base to more than 400 million users worldwide, 160 million of which are mobile users. With our user base nearly doubling, we now have the most advanced threat detection network in the world. Our security technology runs in the cloud, based on a vast machine learning network. Each of our endpoints running our products acts as a sensor for malicious files and activities. Suspicious files are sent to our cloud servers, where they are subjected to a thorough check, possibly involving running the files in a virtual machine, machine learning analysis, and other proprietary checks. Our technology determines whether or not a file is malicious. If our artificial intelligence technology determines that a file is malicious, it pushes this information to our cloud servers, resulting in full protection of our more than 400 million users, in nearly real time.
With each endpoint, we acquire insights into the current threat landscape and can therefore better protect our customers. With acquiring AVG, we now prevent around one billion malware attacks, block more than 500 million malicious URLs and around 50 million phishing attacks per month, and handle around 9 million new executable files every month, 25% of which are malicious.
In addition, the cross pollination of technologies and the addition of talent to our Threat Labs will make us more robust than ever before, so you can worry less about security threats. We now have stronger capacities to create specialized task forces that will be dedicated to new threats targeting mobile devices and Internet of Things devices in our homes, as well as the current ravaging threats like ransomware.
Read more:https://blog.avast.com/avast-and-avg-become-one
In July, we announced our plan to acquire AVG Technologies. Today, I am proud to announce the completion of the acquisition of a majority stake in AVG. So we will operate as a single company as of Monday, October 3, 2016. I would like to extend a warm welcome to the AVG team, AVG customers, as well as carrier and channel partners, and I am eager to tell you about our plans for the next few months.
For nearly 30 years, AVG and Avast have grown up side by side, providing great security products to hundreds of millions of users around the world for free. Our similarities will make integrating AVG and Avast smooth and uncomplicated. We will continue to offer and support both the AVG and Avast branded products, and are transforming into a full service security company with the largest consumer installed base in the world and a significant SMB Business, and Mobile Enterprise business.
So what are we gaining through this acquisition?
We now provide unprecedented protection for our users. This is possible by expanding our user base to more than 400 million users worldwide, 160 million of which are mobile users. With our user base nearly doubling, we now have the most advanced threat detection network in the world. Our security technology runs in the cloud, based on a vast machine learning network. Each of our endpoints running our products acts as a sensor for malicious files and activities. Suspicious files are sent to our cloud servers, where they are subjected to a thorough check, possibly involving running the files in a virtual machine, machine learning analysis, and other proprietary checks. Our technology determines whether or not a file is malicious. If our artificial intelligence technology determines that a file is malicious, it pushes this information to our cloud servers, resulting in full protection of our more than 400 million users, in nearly real time.
With each endpoint, we acquire insights into the current threat landscape and can therefore better protect our customers. With acquiring AVG, we now prevent around one billion malware attacks, block more than 500 million malicious URLs and around 50 million phishing attacks per month, and handle around 9 million new executable files every month, 25% of which are malicious.
In addition, the cross pollination of technologies and the addition of talent to our Threat Labs will make us more robust than ever before, so you can worry less about security threats. We now have stronger capacities to create specialized task forces that will be dedicated to new threats targeting mobile devices and Internet of Things devices in our homes, as well as the current ravaging threats like ransomware.
Read more:https://blog.avast.com/avast-and-avg-become-one
