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Monday | November 29, 2021
Norton acquires Avast

Norton acquires Avast

Norton has just acquired Avast for over $8 billion.

The result of this transaction will create a new company, a US-European giant in cybersecurity. Thedeal will see NortonLifelock acquire all of Avast’s shares and the new entity is expected to subsequently rebrand itself. The combination of the two players will reach nearly 500 million users worldwide. This announcement obviously has some resonance at a time when traditional attacks, but also those targeting businesses, are multiplying. The deal is worth between $8.1 billion and $8.6 billion in cash and stock.

Norton antivirus has existed in various forms since 1991. Popular and controversial at the same time, it is not only a technology, but also a “brand” that has been part of the daily life of PC users for almost 30 years. NortonLifeLock is the former consumer branch of Symantec, which was left more or less “unplugged” after the acquisition of Symantec’s enterprise security business two years ago. Avast, on the other hand, is a company founded in the Czech Republic 11 years ago, whose primary purpose is the development of software for individuals and small businesses. Avast can be considered one of the forerunners of the freemium model in computer security. The company acquired AVG five years ago, confirming a vast concentration movement in this sector too. This deal “is a big step forward for consumer cybersecurity,” said Vincent Pilette, NortonLifeLock’s Belgian managing director, who is expected to lead the new entity.

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Edited by Calliers

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