This segment has increasingly gotten more aware of the need for cybersecurity when it comes to protecting personal data. ”Both these companies have largely been playing in the end consumer space. The merger combines Avast’s focus on privacy and NortonLifeLock’s focus on identification, producing a complementary product NortonLifeLock, has promoted paid safety and anti-identity theft solutions for many years, whereas Avast has promoted both paid and free anti virus solutions. Bennet Hammer, President of Hammer IT Consulting, Inc. Furthermore, the merger should lead to anti virus products that include the benefits of Avast’s focus on privacy and NortonLifeLock’s experience in identity, all at a time when cybersecurity is critical for both consumers and businesses”, said Dr. The merger between NortonLifeLock and Avast will strengthen the cyber safety platform and provide it to many combined users. Therefore, it is a great idea to combine the resources to fight for the same cause. ”The cybersecurity industry is a team effort to combat the latest cybersecurity threats. Cybersecurity continues to be crucial for consumers and businesses of all sizes, and there is hope that this step will lead to a more safe and secure life on the internet. The new product will include the benefits of Avast’s and NortonLifeLock’s. IT leaders and experts are hoping this merger leads to a more powerful cybersecurity protection product. Cybercriminals are able to hide malware in different systems and applications, and consumers are often the victims when databases that have financial information and personal information are compromised. The data of millions of users on different platforms and systems has been compromised. Through our well-established brands, greater geographic diversification and access to a larger global user base, the combined businesses will be poised to access the significant growth opportunity that exists worldwide.”įor quite some time, many online platforms have been facing various cyber threats and cyberattacks. “Our talented teams will have better opportunities to innovate and develop enhanced solutions and services, with improved capabilities from access to superior data insights. “At a time when global cyber threats are growing, yet cyber safety penetration remains very low, together with NortonLifeLock, we will be able to accelerate our shared vision of providing holistic cyber protection for consumers around the globe. Ondřej Vlček, Chief Executive Officer of Avast said: We will also have the ability to further accelerate innovation to transform cyber safety.” With this combination, we can strengthen our cyber safety platform and make it available to more than 500 million users. “This transaction is a huge step forward for consumer Cyber Safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely. Vincent Pilette, NortonLifeLock CEO, said: The new company, which has not been named, will serve over 500 million users, including 40 million direct customers. The agreement comes nearly one month after both companies provided confirmation they were discussing a possible merger of both companies, which are publicly listed.Īccording to the terms of the merger deal, Avast shareholders will receive a combination of cash consideration and newly issued shares in NortonLifeLock. ”Based on NortonLifeLock’s closing share price of USD 27.20 on J(being the last trading day for NortonLifeLock shares before market speculation began in relation to the merger on July 14, 2021, resulting in the commencement of the offer period), the merger values Avast’s entire issued and to be issued ordinary share capital between approximately USD 8.1B and USD 8.6B, depending on Avast shareholders’ elections.” The combination of Avast’s product line with the power of LifeLock personal monitoring is a great combination for the channel”, said Michael Goldstein of LAN Infotech. According to reports, Norton will acquire all shares of Avast and will create a larger cybersecurity firm. NortonLifeLock( one of the global leaders in cyber safety) and Avast (one of the global leaders in digital security and privacy) recently announced that they have reached an agreement on the terms of a merger worth more than $8 billion.
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