Thursday, May 26, 2022

Slide Slide
Home Cyber Security Cyber-security firm Norton to buy Avast for over $8 billion

Cyber-security firm Norton to buy Avast for over $8 billion

Vincent Pilette was set to become chief executive of the expanded group, while Vlcek is to join the cyber-security firm as president and become a member of the NortonLifeLock board

To create a leading consumer business, US cyber-security giant NortonLifeLock is to buy Czech rival Avast for over $8 billion, the pair announced on Wednesday after the pandemic fuelled online activity.

The deal, equivalent to more than 6.7 billion euros, “is a huge step forward for consumer cyber safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely”, said Vincent Pilette, chief executive of the cyber-security firm Norton in a joint statement.

Ondrej Vlcek, chief executive of London-listed Avast, said that amid increasing global cyber threats, the tie-up would allow for “enhanced solutions and services, with improved capabilities”.

The statement added that more than 500 million users will benefit from the new group’s safety offerings.

Vincent Pilette was set to become chief executive of the expanded group, while Vlcek is to join the cyber-security firm as president and become a member of the NortonLifeLock board.

The combined company, to be listed on the Nasdaq, will be dual headquartered in Prague and Tempe, Arizona.

Also read: CIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.

CIO News also covers the professional journeys of CIOs across all industries through print articles.

 

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

INT. on global expansion path; to hire 2500 in next 3 years with key focus on leadership hiring

Founded in 1997, INT. has charted a remarkable course dotted with successful deliveries and steady YoY revenue and profit growth over the last two...

L&T Technology Services inaugurates Engineering R&D Centre in Poland to provide Embedded and Digital Solutions to Clients

Krakow ER&D Centre to cater to major industries including Automotive and Hi-Tech; LTTS to ramp up the centre headcount to over 300 engineers India, May...

Schools and colleges must start building a technologically inclined foundation for students, says Manoj Madhavan, CIO at Blue Dart Express Limited

To anyone looking to begin their careers in information technology or any of its sister streams, my only insight on this front is: opportunities...

Indian Public Cloud market to reach $13.5bn by 2026

To automate processes and drive innovation with public cloud as the foundation, the increased spend is expected to continue as enterprises invest in emerging...

Recent Comments