Investcorp said investment will help grow Avira's expansion plans
Bahrain-based Investcorp has announced that its European-based tech business has acquired German cybersecurity firm Avira Holding for $180 million.
Investcorp Technology Partners acquired Avira, a multinational cybersecurity software solutions firm that servies the OEM (Original Equipment Manufacturer) and consumer end markets, with over 500 million endpoints protected globally.
Over its 30-plus year history, the Avira has developed particular strengths in anti-malware, threat intelligence and IoT solutions. Its software provides next generation security for users’ online identity, finances, and private data, protecting against viruses, malware, ransomware and other threats.
Gilbert Kamieniecky, managing director and head of Investcorp’s Technology Private Equity business, said: “. With our long history of working with cybersecurity, IoT and data-driven businesses, Investcorp is looking forward to supporting Avira’s targeted growth trajectory and expansion plans.”
Travis Witteveen, chief executive officer of Avira added: “The investment confirms our business strategy and enables us to further accelerate our profitable growth in the consumer and OEM market segments."
Investcorp’s other investments from its latest technology fund include Ubisense’s SmartSpace, the enterprise software and sensor Real-Time Location Solutions platform; softgarden, a Human Resources software provider; Calligo, a proprietary cloud solution company; Ageras, an online marketplace matching SMEs with professional service providers; Impero, a provider of online student safety and classroom and network management software; and Contentserv, a product information management solutions provider.
The acquisition remains subject to anti-trust approval.