Strategic partners today include NTT, Deutsche Telekom, IBM, Canonical and more. In more recent years, Avira’s clocked up more customers via the white-label deals it makes with big names. In Avira’s case (as with Norton’s) that software has been resold by the likes of Facebook (as part of its now-dormant antivirus marketplace). Its products include - like Norton itself - anti-virus software. NortonLifeLock is itself today a publicly traded company with a market cap of about $11.5 billion.Īvira, meanwhile, was until April of this year a bootstrapped tech business focusing mainly on security software for consumers. The M&A deal is the latest of a series of consolidations and shifts in ownership around both companies: NortonLifeLock came into existence as a standalone company only last year after Symantec’s enterprise security business was acquired by Broadcom for nearly $11 billion. Only eight months after getting acquired for $180 million, Avira is changing hands again, for double the value: NortonLifeLock today announced that it would acquire the German security firm for around $360 million in an all-cash deal.
0 Comments
Leave a Reply. |