Security software giant Avast Software has acquired rival AVG Technologies. Avast will pay $25 cash for each of AVG’s outstanding ordinary shares in a deal amounting to around $1.3 billion.
Founded out of Czechoslovakia in the early 1990s — initially called Grisoft — AVG has grown to become one of the biggest brands in desktop and mobile security apps. It also offers a range of related services, including AVG Cleaner for Android and Mac. The company is now headquartered in Amsterdam.