AVG Technologies acquires Location Labs
Antivirus vendor AVG Technologies buys private company Location Labs. The deal potentially valued at $ 220 million, the Board of Directors AVG holds an extraordinary meeting to approve the transaction. With AVG said that the agreement for the purchase of Location Labs will allow the company to expand their offer security products for mobile users. Under the deal being closed in the fourth quarter, the antivirus vendor pays $ 140 million now as a single payment, an additional 80 million paid in within two years.
Recall that AVG Technologies entered the public market in February 2012. The company sells complete sets of software and online services to ensure data integrity, protection from spam and malware. Also in the line of products is the solution to optimize the performance of your computer and online service for backup. At Location Labs in the arsenal is a platform to ensure the security of mobile devices. In addition, the company has direct contracts with several large supply of mobile operators in Europe and the United States.
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