If you know more or less about antivirus software, then you must have come across the name Avast. It is a popular company that offers powerful software that can provide turtle-shell protection to desktop computers and mobile devices. But, if you want to get products or services from this company, then it would be best to get complete exposure to the company. Plus, learning about the quality of the products is an important factor. So, in the following article, you are going to get complete details about the Avast company’s overview, brief history, market status, and major features.
About Avast Company
Avast Software s.r.o is a multinational cyber security company that was formerly known as Alwil Software. In 1988, this company was established by Pavel Baudiš and Eduard Kučera. The headquarter of the company is located in Prague, Czech Republic. The company mainly produces and researches computer security software, artificial intelligence, and machine learning.
The company has more than 435 million monthly active users of the products and services of this company. As of April 2020, it is the second-largest anti-malware application vendor in the world. Moreover, the company has 25 offices around the world. Furthermore, the company has 1,700 employees, including all offices.
In 2021, NortonLifeLock, another famous American cybersecurity company, came in talks to merge with the Avast software company. In the same year, the Avast company’s director accepted a deal of US$8 billion. In addition, the company offers a plethora of outstanding products, but some of the most popular products are Avast Antivirus, Avast SecureLine VPN, and Avast Secure Browser.
A Brief History of the Company
The company came into existence in 1988, and the founders were Eduard Kučera and Pavel Baudiš. The two founders met at the Research Institute for Mathematical Machines in Czechoslovakia. The Communist Party of Czechoslovakia required them to participate in the communist party to study physics thats why they used math and computer at the institute. Pavel Baudiš installed the Vienna virus on a floppy disk and then found the first program to eliminate it.
Afterward, Pavel Baudiš asked Eduard Kučera to help him set up Avast. The company was founded as a cooperative, and initially, it was known as Alwil and had the product name Avast. In 1995, Ondřej Vlček, an Avast employee, developed the first program for Windows 95 OS. Virus Bulletin, an IT security testing organization,+ gave an award to Avast Software which resulted in an increase in the popularity of the product. However, in the late 1990s, the company was facing financial issues. However, the company declined McAfee's offer.
From 2000 to 2010
In 2001, when the Alwil company was struggling financially, the company introduced a free Avast software product. Therefore, the company's users grew to one million in 2004, and by 2006 the company had 20 million users. In 2009, Vince Steckler, a former Symantec executive, was appointed CEO of the company. The following year, the company adopted its own product name and changed its name to Avast. The company then raised $100 million in venture capital investment.
From 2010 to the Present
By the year 2013, the company had spread to 38 countries, and it had 200 million users. Moreover, the program was translated into 43 languages. During that time, there were about 360 employees in the Avast company. CVC Capital acquired the company's interest in 2014 and bought Avast at a valuation of one billion dollars. The company had the largest market cap for antivirus software as of 2015.
The company bought AVG in 2015 for $1.3 billion. In May 2018, the company IPO was on the London Stock Exchange and was valued at £2.4bn. At the time, it was one of the biggest technology listings in the UK. Jaya Balu became the company's Chief Information Security Officer in 2019. In 2020, the company had total assets of US$2.707 billion. As of now, Avast company has approximately 25 offices around the world and has 1,700 employees.
Most Popular Product Lines of Avast
The Avast company offers a range of popular product lines that meet the diverse security needs of individuals and businesses alike.
Avast Antivirus
It is the flagship product of Avast and provides complete protection from malware, viruses, ransomware, and other digital threats. With real-time scanning, intelligent threat detection, and advanced security features, Avast Antivirus is highly trusted by users around the world.
Avast Internet Security
This product offers advanced security features beyond antivirus protection. This has a strong firewall, secure browsing tools to prevent phishing attacks, and email scanning to detect malicious attachments or links.
Avast Secure Line VPN
Avast's VPN service ensures users' online privacy and security by encrypting their internet connections. It allows users to browse the web anonymously and securely access geo-restricted content.
Avast Cleanup
This utility software optimizes system performance by removing junk files, temporary files, and unnecessary applications. Plus, this helps free up disk space, increase speed, and improve overall system efficiency.
Avast Passwords
With the increasing number of online accounts, managing passwords becomes important. Avast Password provides a secure password management solution that stores and encrypts passwords, making it easy for users to log into their accounts across multiple devices.
Avast Business
Avast also provides robust cybersecurity solutions for businesses through its Avast Business product. It offers endpoint protection, network security, data protection, and other advanced features to protect organizations from online threats.
These products have gained popularity due to Avast's commitment to continuous innovation, user-friendly interfaces, and robust security features. Avast's reputation as a trusted cyber security provider and its dedication to user privacy has contributed to the widespread adoption of its products by millions of users globally.
How is Avast Company Doing in the Market?
Avast is a leading cybersecurity company that has established itself as a major player in the market. Also, with a broad range of products, such as antivirus software, Internet security solutions, and privacy tools, Avast meets the needs of individual and corporate customers. The company's market performance has been strong, driven by its strong product portfolio, global presence, and strategic partnerships.
The Avast company continues to innovate and adapt to emerging online threats while ensuring its relevance in a dynamic marketplace. Its commitment to user privacy and security has earned it a loyal customer base, which positions it well for future growth and success.
Conclusion
Since its establishment, the company has made itself a powerful name among the top antivirus software company across the world. The company offers various paid and free antivirus and security products. The parent company of Avast is Gen Digital, and its subsidiaries are top companies. Additionally, the company has maintained its reputation and offers its services to millions of users across the world. So, overall this company and its products are quite reliable.
Frequently Asked Questions
Can Avast remove every virus?
Avast is known for providing excellent quality antivirus products for computers and mobile devices. Its products are considered to be one of the best quality and have a huge client base across the globe. The company provides software applications and web extensions for its product line of devices. Its products are capable of removing malware, viruses, bugs, and other potential threats from your devices. And it offers both paid and free versions of the apps.
Is Avast slowing down my computer?
Avast software requires little space on your device and does not affect computer performance. It runs in the background and scans your devices at a very high speed. With the help of Avast products, you can optimize the performance and speed of computer equipment. Plus, its products manage space on your devices and remove junk and unnecessary files. However, things may be different when choosing Remote Assistance when you are using Avast products. You can choose settings to avoid Avast slowing down your PC.
Does Avast remove hackers?
Yes, Avast offers one of the most powerful antivirus software that helps you keep your devices safe. Avast One is the most useful product offered by the company if you want to protect your mobile device. This mobile application scans your devices to detect threats from untrusted apps when you try to install them on your devices. Also, when you are surfing online on the internet, it checks whether a website link is secure or not. The company also provides PC softwares to protect your identity and valuable data.
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