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Concept
Avast
Summary
Avast Software s.r.o. is a Czech multinational cybersecurity software company headquartered in Prague, Czech Republic, that researches and develops computer security software, machine learning, and artificial intelligence. Avast has more than 435 million monthly active users and the second largest market share among anti-malware application vendors worldwide as of April 2020. The company has approximately 1,700 employees across its 25 offices worldwide. In July 2021, Norton LifeLock, an American cybersecurity company, announced that it was in talks to merge with Avast Software. In August 2021, Avast's board of directors agreed to an offer of US1.3 billion. At the time, AVG was the third-ranked antivirus product. It was dual-listed on the Prague Stock Exchange and on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Norton LifeLock in September 2022.
The company's main product is Avast Antivirus, along with tools such as the Avast Secure Browser and the Avast SecureLine VPN.
Avast produces Avast Online Security, which is its main extension, but it also has extensions like Avast SafePrice and Avast Passwords.
Avast was founded by Eduard Kučera and Pavel Baudiš in 1988. The founders met each other at the Research Institute for Mathematical Machines in Czechoslovakia. They studied math and computer science, because the Communist Party of Czechoslovakia would require them to join the communist party to study physics. At the institute, Pavel Baudiš discovered the Vienna virus on a floppy disk and developed the first program to remove it. Afterwards, he asked Eduard Kucera to join him in cofounding Avast as a cooperative. The cooperative was originally called Alwil and only the software was named Avast.
Official source
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