![]() ![]() ![]() ![]() “We are in a rapidly changing industry, and this acquisition gives us the breadth and technological depth to be the security provider of choice for our current and future customers,” said Vince Steckler, chief executive officer of Avast Software, in a statement. Over the next months we will be analyzing and planning the organizations, but can’t speak to any potential staff reductions until after that.”Īvast notes that the combined user-base of the two companies will result in an entity with a network of more than 400 million endpoints, of which 160 million are mobile - so that means not just more customers but broader access to intel on malware which it will feed into building out the next waves of its personal security and privacy products. On this, a spokeswoman for Avast said: “We haven’t started planning the team integration yet. Organization efficiencies are also expected as a result of the acquisition, so presumably there will be some staff reductions owing to duplicate roles. But the opening up of this vast new front of potential vulnerabilities is clearly also an opportunity for experienced security players to step in and address. IoT has been dubbed a security nightmare for consumers, given the accelerating trend for network connectivity to be pushed into all sorts of devices - often by companies with little or no security expertise.
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