Tech

Antivirus: Avira bought out by Investcorp from Bahrain

[ad_1]

The majority of the German anti-virus expert Avira was taken over by Investcorp from Bahrain. The company announced this on April 9, 2020 known. No information was given on the financial volume of the participation. Avira CEO Travis Witteveen and Investcorp's managing director, Gilbert Kamieniecky, gave according to techcrunch Avira is valued at $ 180 million.

Job market

  1. Schaeffler AG, Herzogenaurach
  2. City of Villingen-Schwenningen, Villingen-Schwenningen



The takeover is subject to antitrust approval. Investcorp receives the majority stake in the company, with Avira founder Tjark Auerbach remaining "significant" Shares.

The cyber security company Avira from Tettnang on Lake Constance has around 500 employees and offers antivirus, identity management and other tools both for consumers and as a white label offering from a number of large technology brands.

Avira is planning further acquisitions

Avira bought companies like Social Shield, which promises online security for social media users. Investcorp from the Kingdom of Bahrain, which manages around $ 34 billion, is an investor in technology companies with a particular focus on IT security, data / analytics and financial technology / payments. Previous investments included Utimaco, Sophos, Optiv, Securelink, Coresec, Nebulas, IT-Cube, CSID, Opsec and Impero.

Witteveen said the company has received many takeover bids from technology companies and also from more typical investors. "We wanted a partnership where someone could support our organic growth and inorganic opportunity"he explained. It is planned to make further acquisitions to increase Avira's presence in both products and geographically.

Please activate Javascript.

Or use that Golem pure offer

and read Golem.de

  • without advertisement
  • with javascript turned off
  • with RSS full text feed

[ad_2]