Avast buys AVG
 

Avast has acquired rival AVG Technologies for $1.3 billion as it appears the security market is headed for a period of contaction.

For those who came in late AVG was originally called Grisoft and came from Czechoslovakia. It has grown to become one of the biggest brands in desktop and mobile security apps. The company is now headquartered in Amsterdam.

Avast’s origins can also be traced back to the Czechoslovakia, but it has become a top online security outfit and controls a fifth of the global antivirus software market.

http://fudzilla.com/news/41077-avast-buys-avg