M&A Deal Summary

Gen Digital Acquires Avast

On August 10, 2021, Gen Digital acquired software company Avast

Acquisition Highlights
  • This is Gen Digital’s 49th transaction in the Software sector.
  • This is Gen Digital’s 1st transaction in Czech Republic.

M&A Deal Summary
Date 2021-08-10
Target Avast
Sector Software
Buyer(s) Gen Digital
Deal Type Merger
Advisor(s) UBS Investment Bank
J.P. Morgan Securities (Financial)
White & Case (Legal)

Target

Avast

Prague, Czech Republic
Avast develops avast! Free Antivirus, a free full-featured computer security application that protects more than 150 million registered users around the world from online threats. The company’s products are distributed globally through a unique ‘freemium’ business model. Avast was formed in1988 and is based in Prague, Czech Republic.

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Buyer(S) 1

Buyer

Gen Digital

Tempe, Arizona, United States
Category Company
Founded 1982
Sector Information Technology
Employees2,700
Revenue 3.8B USD (2024)
DESCRIPTION

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.

DEAL STATS #
Overall 77 of 78
Sector (Software) 49 of 49
Type (Merger) 2 of 2
Country (Czech Republic) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Avira Operations KG

Tettnang, Germany

Avira Operations GmbH & Co. KG is a cybersecurity software solutions firm serving the OEM (Original Equipment Manufacturer) and Consumer end markets, with over 500 million endpoints protected globally. the Company has developed particular strengths in Anti-Malware, Threat Intelligence, and IoT solutions. Its software provides next-generation security for users’ online identity, finances, and private data, protecting against viruses, malware, ransomware, and other threats. Avira Operations is based in Tettnang, Germany.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 MoneyLion

New York, New York, United States

MoneyLion is a mobile banking and financial membership platform that empowers people to take control of their finances. MoneyLion was based in New York, New York.

Buy $1.0B
Mergr

Product

Company

Legal