NortonLifeLock and Avast ave announced a merger. Norton will purchase all available Avast stock in order to incorporate it into its network security business. trade, Reported by The VergeValued at more than US$8 billion, the resulting cybersecurity giant will have a total of about 500 million customers.
Vincent Pilette, CEO of NortonLifeLock, praised the advantages of the merger and said: “Through this merger, we can strengthen our cyber security platform and (…) will also have the capability Further accelerate innovation to change cyber security.” On the other hand, Avast CEO Ondřej Vlček added: “As global cyber threats continue to grow but cyber security penetration is still low, together with NortonLifeLock, we will be able to accelerate our The common vision is to provide users with comprehensive network protection. Global consumers.”
With the popularization of blockchain and cryptocurrency technologies, network security issues have increased at an extremely rapid rate. These technologies have increased the already valuable data that consumers and companies store in their machines. And it will only increase with more and more sophisticated threats-a large number of PCs infected with malware Run a botnet, Ransomware attack Take the company hostage, Attack Critical service infrastructure -These are just a few different attack vectors that the cybersecurity community must address when designing solutions. This merger aims to combine the expertise of the two companies in their respective fields, and ultimately the company hopes to become the perfect solution for privacy-conscious consumers (one of Avast’s powerful features) and NortonLifeLock’s focus on identity security.
Since its establishment in 2010, Avast has become an important player in the cyber security field, and its success led to the acquisition of another cyber security company AVG in 2016. However, NortonLifeLock represents the remains of the consumer-oriented Symantec cybersecurity empire (founded in 1991), which sold its enterprise security solutions to Broadcom in 2019.