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Avast

Czech security software company / From Wikipedia, the free encyclopedia

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Avast Software s.r.o. is a Czech multinational cybersecurity software company headquartered in Prague, Czech Republic, that researches and develops computer security software, machine learning, and artificial intelligence. Avast has more than 435 million monthly active users[2] and the second largest market share among anti-malware application vendors worldwide as of April 2020.[3] The company has approximately 1,700 employees across its 25 offices worldwide.[2] In July 2021, NortonLifeLock, an American cybersecurity company, announced that it was in talks to merge with Avast Software. In August 2021, Avast's board of directors agreed to an offer of US$8 billion.[4][5]

Quick facts: Formerly, Company type, Industry, Founded, Fo...
Avast Software s.r.o.
FormerlyAlwil Software
Company typeSubsidiary
IndustryComputer software
Founded1988; 36 years ago (1988)
Founders
Headquarters,
Area served
Worldwide
Key people
ProductsCybersecurity software
ServicesComputer security
RevenueIncrease US$892.9 million (2020)[1]
Decrease US$335.4 million (2020)[1]
Decrease US$169.6 million (2020)[1]
Total assetsDecrease US$2.707 billion (2020)[1]
Total equityIncrease US$1.195 billion (2020)[1]
Number of employees
~1,700 (2021)[2]
ParentGen Digital
Subsidiaries
Websitewww.avast.com
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Eduard_Ku%C4%8Dera%2C_Milada_Ku%C4%8Derov%C3%A1%2C_Jarmila_Baudi%C5%A1ov%C3%A1%2C_Pavel_Baudi%C5%A1%2C_foto_Milan_Bure%C5%A1.jpg
Avast founders Eduard Kučera (left) and Pavel Baudiš (right) in 2016 with their spouses, who run the non-profit Avast Foundation for community development

Avast was founded by Pavel Baudiš and Eduard Kučera in 1988 as a cooperative. It had been a private company since 2010 and had its IPO in May 2018. In July 2016, Avast acquired competitor AVG Technologies for $1.3 billion. At the time, AVG was the third-ranked antivirus product.[6] It was dual-listed on the Prague Stock Exchange and on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by NortonLifeLock in September 2022.[7]

The company's main product is Avast Antivirus, along with tools such as the Avast Secure Browser and the Avast SecureLine VPN.

Avast produces Avast Online Security, which is its main extension, but it also has extensions like Avast SafePrice and Avast Passwords.

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