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zeeshan
Joined: 21 Jan 2016
Posts: 655
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| Anti-Virus Maker Avast has Acquire AVG for $1.3 Billion |
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Two prevalent free antivirus programming organizations Avast and AVG, have comparable sounding names, with both having the "AV" in their names. This has regularly prompt perplexity, even among the representatives in the organizations themselves.
Presently imagine a scenario in which they chose to evacuate the disarray and join into a solitary substance. This is what they're expecting to do in any event, as per Avast CEO Vincent Steckler.
History of Avast and AVG
Both of the organizations were established in Czech Republic in the late 80s with the same essential rule, fighting off malware and infections.
They were pioneers in the antivirus programming industry and both offer free forms of their product. Avast and AVG have had comparable userbases year on year too.
Insights about their Merger
AVG is an open organization with its shares recorded on the New York Stock Exchange. Avast, be that as it may, is private and is wanting to obtain AVG's shares at $25 each, or around $1.3 billion altogether.
AVG's board is prescribing its shareholders to acknowledge the merger understanding. When they acknowledge the assention, and a few other administrative controller endorsements are likewise achieved, AVG will turn into a piece of Avast.
The merger is just characteristic because of the similitudes between the two organizations. The additional userbase will help the new organization to assemble more malware information to grow better programming arrangements.
Vincent Steckler, CEO of Avast includes:
"Our site (and AVG's) contains significantly more data about this exchange—the official statement, FAQs, and so forth. As we are permitted amid the procedure, we will pass on to you, our clients and clients, all the data that we are permitted. In particular however, I guarantee you that we esteem each and every Avast and AVG client and will do our best later on to keep you secured and to keep your trust."
What this holds for the clients is still uncertain, however from the looks of it, the organizations may join their aggregate mastery together and convey better assurance for clients thus.
In any case, one thing is certain. You won't confound AVG and Avast any longer after the merger.
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| Tue Jul 12, 2016 12:12 pm |
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