In what seems to be something of a trend for big investments or buyouts of AV companies, AVAST, the Czech based makers of the popular free AVAST Anti-virus, have sold a minority stake in their company to investment firm “Summit Partners”.
AVAST (formerly ALWIL software) has long been in the ‘free’ anti-virus game, as one of the pioneers of that model, and clearly it seems to be working for them. It should be interesting to see what they do with the cash and how their product line develops over the next few years as they compete with their big neighbour AVG, also Czech based and big in the free AV game.
AVIEN CEO / CTO K7 Computing
Also blogging at http://blog.k7computing.com