Security firm Norton acquires rival Avast for more than $8 billion

Computer security software maker NortonLifeLock (USA) said it will buy Czech software company Avast for more than $8 billion to create a leading consumer business.

Norton and Avast icons. Photo: Theverge

This announcement was made by the two companies in the context of the COVID-19 pandemic increasing online activities.

According to Norton CEO Vincent Pilette, this acquisition is a huge step towards ensuring cybersecurity for consumers and will fundamentally help the two companies fulfill their goals of protecting and enabling for everyone to have a “secure digital life”.

Meanwhile, Avast CEO Ondrej Vlcek said that in the context of increasing global cyber threats, the agreement will allow the two companies to offer solutions and services. service enhancement, while improving capacity.

Norton and Avast said in a joint statement that more than 500 million Internet users would benefit from the merger.