Express Computer
Home  »  News  »  NortonLifeLock to acquire cybersecurity firm Avira for $360mn

NortonLifeLock to acquire cybersecurity firm Avira for $360mn

0 138

Consumer cybersecurity brand NortonLifeLock has said it will acquire German cybersecurity firm Avira in an all-cash transaction for approximately $360 million.

The announcement on Monday comes eight months after Investcorp Technology Partners acquired Avira for $180 million.

Avira provides a consumer-focused portfolio of cybersecurity and privacy solutions to a strong base in Europe and key emerging markets.

“We strive to bring Cyber Safety to everyone, and acquiring Avira adds a growing business to our portfolio, accelerates our international growth and expands our go-to-market model with a leading freemium solution,” Vincent Pilette, CEO, NortonLifeLock, said in a statement.

“Culturally, we are a great match. We share a relentless focus on delivering innovative products to customers and we always think customer-first. We cannot wait to get started with Avira.”

The acquisition is expected to accelerate NortonLifeLock’s international growth in Europe and key emerging markets.

It is expected to add approximately three points of growth to NortonLifeLock’s revenue with more than 1.5 million paying customers.

Upon deal close, Avira CEO Travis Witteveen and CTO Matthias Ollig will join the NortonLifeLock leadership team.

Subject to regulatory and customary closing conditions, the acquisition is expected to close in the fiscal 2021 fourth quarter and is not expected to be material to fiscal 2021 Q4 results, NortonLifeLock said.

–IANS

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image