Ipo Avast 10 May

Ipo avast 10 may

For other uses, see Avast (disambiguation).

Avast Software s.r.o. is a Czech multinationalcybersecurity 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[4] and the largest market share among anti-malware application vendors worldwide as of January 2018.[5] The company has approximately 1,700 employees across its 25 offices worldwide.[4]

Avast was founded by Pavel Baudiš and Eduard Kučera in 1988 as a cooperative.

It had been a private company since 2010 and had its IPO in May 2018. In July 2016, Avast acquired competitor AVG Technologies for $1.3 billion. At the time, AVG was the third-ranked antivirus product.[6] It is dual-listed on the Prague Stock Exchange and on the London Stock Exchange and is a constituent of the FTSE 250 Index.[7]

History[edit]

Avast was founded by Eduard Kučera and Pavel Baudiš in 1988.[8] The founders met each other at the Research Institute for Mathematical Machines in Czechoslovakia.[8] They studied math and computer science, because the Communist Party of Czechoslovakia would require them to join the communist party to study physics.[8] At the Institute, Pavel Baudiš discovered the Vienna virus on a floppy disk and developed the first program to remove it.[8][9][10] Afterwards, he asked Eduard Kucera to join him in cofounding Avast as a cooperative.[9] The cooperative was originally called Alwil and only the software was named Avast.[11]

The cooperative was changed to a joint partnership in 1991, two years after the velvet revolution[12] caused a regime change in Czechoslovakia.

The new regime severed ties with the Soviet Union and reverted the country's economic system to a market economy.[9][11] In 1995, Avast employee Ondřej Vlček wrote the first antivirus program for the Windows 95 operating system.[9] In the 1990s security researchers at the Virus Bulletin, an IT security testing organization, gave the Avast an award in every category tested, increasing the popularity of the software.[9] However, by the late 1990s, the company was struggling financially.[8] Alwil rebuffed acquisition offers by McAfee, who was licensing the Avast antivirus engine.[8]

By 2001, Alwil was experiencing financial difficulties, when it converted to a freemium model, offering a base Avast software product at no cost.[9] As a result of the freemium model, the number of users of the software grew to one million by 2004[9] and 20 million by 2006.[11] Former Symantec executive Vince Steckler was appointed CEO of Avast in 2009.[13] In 2010, Alwil changed its name to Avast, adopting the name of the software,[11] and raised $100 million in venture capital investments.[14] The following December, Avast filed for an initial public offering, but withdrew its application the following July, citing changes in market conditions.[15] In 2012, Avast fired its outsourced tech support service iYogi, after it was discovered that iYogi was using misleading sales tactics to persuade customers to buy unnecessary services.[16] By 2013, Avast had 200 million users in 38 countries and had been translated into 43 languages.[8] At the time, the company had 350 employees.[17]

In 2014, CVC Capital bought an interest in Avast for an undisclosed sum.

The purchase valued Avast at $1 billion.[18][19] Later that year, Avast acquired mobile app developer Inmite in order to build Avast's mobile apps.[20] Additionally, in 2014 Avast's online support forum was compromised, exposing 400,000 names, passwords, and email addresses.[21][22] By 2015, Avast had the largest share of the market for antivirus software.[15] In July 2016, Avast reached an agreement to buy AVG for $1.3 billion.[23] AVG was a large IT security company that sold software for desktops and mobile devices.[24] In July 2017, Avast acquired UK-based Piriform for an undisclosed sum.

Piriform was the developer of CCleaner.[25] Shortly afterwards it was disclosed that someone may have created a malicious version of CCleaner with a backdoor for hackers.[26] Avast had its IPO on the London Stock Exchange in May 2018, which valued it at £2.4bn and was one of the UK’s biggest technology listings.[27]

Ondrej Vlcek assumed the role of CEO and co-owner of Avast Plc in July 2019.[28] A day later, he changed his annual pay to $1 and pledged his board director's compensation of $100,000 to charity.[28]

Products[edit]

Main articles: Avast Antivirus, Avast SecureLine VPN, and Avast Secure Browser

See also: AVG Technologies

Avast develops and markets business and consumer IT security products for servers, desktops, and mobile devices.[29] The company sells both the Avast product line and the acquired AVG-branded products.[30] As of late 2017, the company had merged the AVG and Avast business product lines and were working to integrate the corporate departments from both companies.[31] Additionally, Avast has developed utility software products to improve battery life on mobile devices, cleanup unnecessary files on a hard drive, find secure wireless networks[32] or create a VPN connection to the internet.[33]

Avast and AVG consumer security software are sold on a freemium model, where basic security features are free, but more advanced features require purchasing a premium version.[30] The free version is also supported by ads.[34] Additionally, all Avast users provide data about their PC or mobile device to Avast, which is used to identify new security threats.[8] Antivirus scanning, browser cleanup, a secure browser, password management, and network security features are provided for free, while firewall, anti-spam, and online banking features have to be purchased.[35][36] According to PC Pro, the software does not "nag" users about upgrading.[33][35] About 3% of Avast's users pay for a premium version (10% in the US).[8]

The Avast business product family includes features for endpoint protection, Wi-Fi security, antivirus, identity protection, password management, and data protection.[31] For example, the desktop product will look for vulnerabilities in the wi-fi network and run applications suspect of having malicious hardware in an isolated sandbox.[37] The Avast Business Managed Workplace monitors and manages desktops, and assesses on-site security protocols.[31] The company also sells management software for IT administrators to deploy and manage Avast installations.[31]

Reception[edit]

PC Magazine gave the Avast free antivirus software an overall score of 8.8 out of 10 and gave AVG a score of 8.4.[30] The review said Avast gets good lab test results overall and has many features, but its password manager is a bit limited.[30] In tests by the AV-TEST Institute, Avast 2017 received six out of six points for protection and usability, and 3.5 points for performance.[30] A review in Tom's Guide said the free Avast antivirus product has "good malware protection" and has a small footprint on the system.[36] The review said Avast has a competitive set of features for a free antivirus product, but the scans are slow and it pushes users to install the Google Chrome browser.[36]

The Avast antivirus product for business users received 4 out of 5 by TechRadar in 2017.[37] The review said the software had good features, protection, configuration, and an "excellent interface," but took up too much hard drive space and didn't cover mobile devices.[37] According to Tom's Guide, the mobile version is inexpensive and feature-laden, but some features are unreliable or do not work as expected.[38] PC Magazine said the mobile version "has just about every security feature you could want" but was difficult to use.[39]

AVG, which was purchased by Avast in 2016, has also generally performed well in lab tests.[40] AV-Test Institute gave AVG six out of six points for usability, 5.5 points for protection and 5.5 points for performance.[40] However, AVG scored 81.05 in Virus Bulletin's lab tests, which is slightly below average.[40] The software is "very good" at detecting malware, but "disappointing" in antiphishing screening.[40] A review in Tom's Hardware gave the AVG software seven out of ten stars.[36] The review highlighted that the software has a small system footprint and has good malware protection, but does not have a quick scan option and lacks many additional features.[36]

See also[edit]

References[edit]

External links[edit]

  1. ^ abc"Preliminary Results 2018".

    Avast slices estimated IPO share price before market entry

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  2. ^https://or.justice.cz/ias/ui/vypis-sl-detail?dokument=58525318&subjektId=719557&spis=294284.
  3. ^Reporting by Emma Rumney and Eric Auchard, additional reporting by Paul Sandle, editing by Silvia Aloisi/Sinead Cruise/Susan Fenton.

    Cyber security firm Avast plans watershed London tech listing.

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    12 April 2018. Reuters

  4. ^ abc"At a glance". Avast. Retrieved 14 March 2019.
  5. ^"Market share held by the leading Windows anti-malware application vendors worldwide, as of January 2018".

    Statista.

    IPO Avast: největší technologické IPO ve Velké Británii

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  6. ^"Avast Buys Piriform, the Company Behind CCleaner and Recuva". BleepingComputer.
  7. ^Leoš Rousek.

    Vstup Avastu se zapíše do historie londýnské burzy. S akciemi původně české firmy půjde obchodovat ale i na pražské burze (Czech). 9.

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    5. 2018.

  8. ^ abcdefghi"Avast emerged from Communism to shine in security". USA Today. 20 October 2013. Retrieved 8 August 2017.
  9. ^ abcdefg"Příběh superobchodu s antiviry: Avast koupí AVG ukázal um "zlatých českých ručiček" v IT".

    Blesk.cz (in Czech). Retrieved 8 August 2017.

  10. ^"Interview with Avast's COO Ondřej Vlček".

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  11. ^ abcdWonder, Dan (17 June 2013). "Who Makes Avast?". Chron.com. Retrieved 8 August 2017.
  12. ^"Who We Are".

    Make informed decisions with the FT

    Avast Foundation. 8 August 2017. Retrieved 8 August 2017.

  13. ^"Vince Steckler". The CEO Magazine. 22 September 2016. Retrieved 6 October 2017.
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  15. ^ abRoy, Abhirup (29 October 2015). "Avast worth 'upwards of $2 billion'; no IPO before 2017". Reuters.

    24 options binary options trading

    Retrieved 7 August 2017.

  16. ^Dunn, John E (16 March 2012). "Avast suspends antivirus support company after mis-selling allegation".

    Cyber security firm Avast falls in LSE's biggest debut of the year

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  17. ^"Avast becomes most valuable IT company in the CR". Prague Post. 11 March 2015. Retrieved 8 August 2017.
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    Uber shares trade in real-time after IPO - Friday, May 10 2019

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  19. ^"Security Software Firm Avast Gets CVC Capital Investment, Now Valued At $1B". TechCrunch. 5 February 2014. Retrieved 8 August 2017.
  20. ^"Malware buster Avast buys up mobile app maker in move to be mobile friendly".

    VentureBeat. 24 July 2014. Retrieved 8 August 2017.

  21. ^Kirk, Jeremy (26 May 2014).

    "Avast takes community forum offline after data breach". Network World. Retrieved 9 August 2017.

  22. ^Meyer, David (27 May 2014). "Security company Avast suffers embarrassing forum hack". Gigaom. Retrieved 9 August 2017.
  23. ^"Security Software Firm Avast to Buy Rival AVG for $1.3 Billion in Cash".

    Fortune. 7 July 2016. Retrieved 8 August 2017.

  24. ^"Avast acquires rival AVG for $1.3 billion to create a security software giant".

    VentureBeat. 7 July 2016. Retrieved 8 August 2017.

  25. ^Sawers, Paul (19 July 2017).

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    "Avast acquires Piriform, maker of popular system cleaning program CCleaner". VentureBeat. Retrieved 19 July 2017.

  26. ^"Avast CCleaner used to spread backdoor to two million plus users". eXe Nation.

    19 September 2017. Retrieved 28 September 2017.

  27. ^Cyber security group Avast valued at £2.4bn in IPO. Financial Times.

    Ipo avast 10 may

    Aliya Ram in London 10 May 2018.

  28. ^ ab"CEO Waives Salary and Bonus Forever in Bet on Tech Firm's Stock". 1 July 2019. Retrieved 2 July 2019.
  29. ^"Download Free Antivirus for PC, Mac & Android".

    Avast. 9 August 2017. Retrieved 9 August 2017.

  30. ^ abcdeRubenking, Neil J. (23 February 2017). "Avast Free Antivirus 2017". PC Magazine. Retrieved 16 June 2017.
  31. ^ abcdKuranda, Sarah (6 September 2017).

    "Avast Launches New Business Portfolio And Partner Program, Combining Its Channel Forces With AVG".

    Choose your subscription

    CRN. Retrieved 28 September 2017.

  32. ^"Avast Main Page: For Home/For Business".

    Retrieved 10 August 2017.

  33. ^ ab"Avast SecureLine VPN". PCMAG. 7 August 2017. Retrieved 1 November 2017.
  34. ^Larkin, Erik (October 2009). "Can You Trust Free Antivirus Protection?".

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  35. ^ ab"Avast Free Antivirus".

    How futures affect forex

    PC Pro. April 2015. p. 89.

  36. ^ abcdeNadel, Brian (3 August 2017). "AVG AntiVirus Free: Nearly the Best". Tom's Guide. Retrieved 10 August 2017.
  37. ^ abcWilliams, Mike (28 September 2017).

    "Avast Business Antivirus review". TechRadar. Retrieved 28 September 2017.

  38. ^Riley, Sean (24 August 2017). "Avast Mobile Security: Erratic Performance".

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    Tom's Guide. Retrieved 6 October 2017.

  39. ^"avast!

    Please review our terms of service to complete your newsletter subscription.

    Mobile Security & Antivirus (for Android)". PCMAG. 27 June 2013. Retrieved 6 October 2017.

  40. ^ abcd"AVG AntiVirus Free (2017)". PCMAG. 13 January 2017. Retrieved 10 August 2017.