The Czech security firm Avast, which provides popular consumer antivirus software, has taken an investment from European private equity outfit CVC. The amount has not been disclosed, but Avast says it puts a billion-dollar valuation on the company (perhaps it’s preparing to shop itself around). The company says it will use the cash to beef up its mobile security products and push further into the U.S. and Asian markets in particular. Globally speaking, Avast’s 200 million users give it an antivirus market share just above 15 percent, putting it in second place behind Microsoft.
via Gigaom http://ift.tt/1cU9WTm
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Interesting update on Avast and private equity it’s always helpful to follow how tech companies evolve and adapt in competitive markets. For students juggling study plans and industry news, practicing with exam resources like ati teas reading questions can boost reading comprehension, time management, and confidence before test day.
Avast, the Czech cybersecurity company known for its widely used antivirus software, has secured a major investment from CVC, valuing the firm at around one billion dollars. With over 200 million users worldwide and more than 15 percent of the global antivirus market, it stands just behind Microsoft in market share. The new funding is expected to strengthen its mobile security offerings and accelerate expansion across the U.S. and Asian markets. As digital threats grow and even risky searches like “Do my proctored chemistry exam for me” circulate online, the need for stronger consumer protection tools continues to rise.
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