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AVG Technologies, the online security company for more than 200 million monthly active users, announced the acquisition of Privax, a leading global provider of desktop and mobile privacy services for consumers. With the acquisition, AVG will add Privax’s HMA! Pro VPN to its existing portfolio of security software and services that will be immediately made available to AVG’s global customer base.
Looks like the people at AVG have ultimately understood that also the best anti-virus can not keep the data secure without a VPN. That is why AVG will certainly now be providing HideMyAss VPN as part of the AVG Anti-Virus package.
This has actually come to be feasible thanks to AVG Protection Technologies’ multi-million dollar acquisition of privacy vendor Privax Technologies, understood for their HMA ( HideMyAss VPN ) service. On Wednesday 29th April, AVG formally announced the about $60 million requisition of Privax Technologies.
“Privacy is the new currency of the digital era, particularly as the Internet population is expected to double over the next five years,” said Gary Kovacs, Chief Executive Officer, AVG Technologies. “As we connect through more and more devices, our privacy is becoming increasingly violated. At AVG, we fundamentally believe that it is a user’s choice of how and when to share their private information. With this acquisition, we will immediately be able to provide new and innovative privacy and security services to hundreds of millions of users world-wide.”
An AVG Technologies spokesperson included that the addition of HMA in their portfolio will certainly enhance personal privacy while it will certainly include one more intensive layer of security to their providing. Jack Cator, owner and CEO of HMA, commented on his HMA blog that AVG & HMA go hand in hand considering that both companies share a similar vision.
“Our mission at HMA! has always been to be the go-to tool for anyone who wants to surf the web freely, privately and securely. I’m incredibly proud that our service has done just that, and has been used by tens of millions of people all over the world,” said Jack Cator, Founder and Chief Executive Officer, Privax. “We are thrilled to be teaming up with AVG Technologies to help us accelerate our ambition to be the biggest and best privacy company in the world.”
Mr. Cator took place to claim that HMA’s mission is to distribute the most effective solutions to their subscribers, coordinating with AVG represents the strength of their success. With over 250,000 consumers, HMA VPN is one of the largest VPN solutions in operation around the world. Joining hands with a brand that caters to over 200 million clients worldwide will certainly open doors to brand-new markets for AVG, and will lead to the property development of new advancement service & solutions.
Privax will continue to sell HMA via its own marketing & sales channels, while the solution will certainly come ingrained in AVG Antivirus’s mobile version. It has also been established that Hide My Ass VPN will include in the exclusive AVG Zen Service.
Gary Kovacs, CEO of AVG Technologies, explained in a news release that as web populace increases all over the world, privacy will certainly be money in the coming digital age. He remained to claim that the customers need to be in charge of what, where and also just how they wish to discuss. As use of multiple devices becomes the norm, individual user personal privacy is constantly violated.
As both companies share similarities in their missions, vision as well as aspirations, the future for this venture looks favorable. Both companies have revealed assurance & commitment to evolve, as one of one of the most significant personal privacy as well as protection purchases undergo the pipe. CEO’s of both business have actually sent passionate comments while both companies have actually shown authorization of the venture.
The purchase will certainly finish after a final settlement, expected to cross $20 million. The initial payment was said to be about $40 million, after which the companies will start joint operations quickly.
Release ID: 86216