AVG approached by potential buyers

The security firm has not put itself up for sale, but there is always the possibility of acquisition.


Security firm AVG has been approached by potential buyers amid a wave of deals for security-software makers, it has been reported.

The company, which is known for home-based security packages and scanners, has been approached by private equity firms and at least one technology company, according to the Wall Street Journal. Citing people familiar with the matter, the publication says that the early-stage exploration of acquisition does not include a formal sales process, but should there be a deal, it will form within the coming months.

The Amsterdam-based firm claims over 187 million active users. The company's software, which comes in free and premium versions, is used across a variety of platforms — including Apple's iOS, Android and Windows — and aims to detect viruses, malware, malicious websites and identity theft.

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AVG accounts for over 1,000 employees worldwide.

In Q3 2014, AVG reported revenue of $92.3 million, and $0.56 earnings per share.

Earlier in 2014, CVC Capital Partners invested in security firm Avast, and Insight Venture Partners poured funds into security monitor FireMon.

Read on: In the world of security