iTnews
  • Home
  • News
  • Technology
  • Security

Avast takes $113m equity injection

By Staff Writers
Aug 25 2010 1:33PM
Follow google news

Anti-virus maker wins big.

Anti-virus software maker Avast has received a US$100 million ($113 million) equity injection after Summit Partners took a minority stake in the firm.

Avast takes $113m equity injection

Avast made a popular free anti-virus program with upgrades to premium paid versions.

The company claimed it protected "one out of every five computers around the world from malware".

It had no plans to change its distribution model, although it conceded it hadn't foreseen in the early days the level of demand it would eventually receive for its product.

"When we first launched free distribution of Avast anti-virus in the early 2000s, we gave ourselves room to grow - but never dreamed that the product would gain such global popularity," co-founder Eduard Kucera said.

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:
antiavastequityinjectionmalwaresecuritysoftwarevirus

Related Articles

  • Anthropic pulls Mythos-class models globally Anthropic pulls Mythos-class models globally
  • AudiA6 crypto launderers arrested, network taken down by police AudiA6 crypto launderers arrested, network taken down by police
  • US charges suspected Russian hacker with facilitating cyber campaign US charges suspected Russian hacker with facilitating cyber campaign
  • Gov looks for upstream threat blocking by telcos, cloud operators Gov looks for upstream threat blocking by telcos, cloud operators
Join our WhatsApp Channel

Partner Content

Agile isn’t the problem: why projects still fail, and what’s missing
Partner Content Agile isn’t the problem: why projects still fail, and what’s missing
Scalable AI solutions: secure delivery
Scalable AI solutions: secure delivery
CommBank creates opportunities for technologists to upskill  with frontier AI companies
Partner Content CommBank creates opportunities for technologists to upskill with frontier AI companies
Thomas Peer Solutions unveils data cloud platform and executive leadership forum for 2026
Partner Content Thomas Peer Solutions unveils data cloud platform and executive leadership forum for 2026

Sponsored Whitepapers

Are Australian organisations as cyber-ready as they think?
Are Australian organisations as cyber-ready as they think?
Are New Zealand organisations as cyber-ready as they think?
Are New Zealand organisations as cyber-ready as they think?
From visibility to execution:  Fixing the SaaS management gap
From visibility to execution: Fixing the SaaS management gap
When cyber risk has no clear owner: A practical guide for senior Australian business leaders
When cyber risk has no clear owner: A practical guide for senior Australian business leaders
Agile in the AI Era: why projects still fail
Agile in the AI Era: why projects still fail

Events

  • iTnews State of Security Breakfast iTnews State of Security Breakfast
  • iTnews State of Data & AI Breakfast iTnews State of Data & AI Breakfast
  • Forrester's AI Forum Sydney Forrester's AI Forum Sydney
  • The 2026 iAwards The 2026 iAwards
  • Security Exhibition & Conference Security Exhibition & Conference
Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Services Australia describes fraud, debt-related machine learning use cases

Services Australia describes fraud, debt-related machine learning use cases

Anthropic releases Mythos-class model for public use

Anthropic releases Mythos-class model for public use

Apple bumps up security in fresh operating system releases

Apple bumps up security in fresh operating system releases

Anthropic opens Claude Mythos Preview AI program to Australia

Anthropic opens Claude Mythos Preview AI program to Australia

techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.