Avira, a buying-based cyber security company, was acquired by Investcorp Technology Partners.
Although the business world is stagnant all over the world due to Corona virus outbreak, investments and purchases continue. According to the information we encountered today, Avira, a Germany-based cyber security company, was acquired by Investcorp Technology Partners.
Let’s add that Avira, which provides solutions for antivirus software and identity management for both corporate and individual customers, is not established as a technology initiative. Established in 1986 and transformed into a cyber security company over time, Avira now allows more than 100 million consumers and small businesses to use their computers safely.
Among the strategic partners of Avira, which also works with very large technology companies in the corporate field, there are important companies such as NTT, Deutsche Telekom, IBM and Canonical.
In the joint statement made by the two companies, no information was shared about exactly how much was paid for Avira purchased by Investcorp Technology Partners, Investcorp Bank’s investment division. But Avira CEO Travis Witteveen shared that the company’s valuation was $ 180 million.
Investcorp Technology Partners acquired the majority share of Avira with the agreement made according to the shared information. Finally, let’s add that Avira founder Tjark Auerbach maintains a significant amount of shares.