(left) and (right) in 2016 with their spouses, who run the Avast Foundation for Avast Software s.r.o. Is a Czech company headquartered in, that computer security software,. Avast has more than 435 million monthly active users and the largest market share among vendors worldwide as of January 2018. The company has approximately 1,700 employees across its 25 offices worldwide. Avast was founded by and in 1988 as a. It had been a company since 2010 and had its in May 2018.
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In July 2016, Avast acquired competitor for $1.3 billion. At the time, AVG was the third-ranked antivirus product. It is on the and on the and is a constituent of the. Contents • • • • • • History [ ] Avast was founded by and in 1988. The founders met each other at the Research Institute for Mathematical Machines in Czechoslovakia. They studied math and computer science, because the Communist Party of Czechoslovakia would require them to join the communist party to study physics. At the Institute, Pavel Baudiš discovered the Vienna virus on a floppy disk and developed the first program to remove it.
Afterwards, he asked Eduard Kucera to join him in cofounding Avast as a cooperative. The cooperative was originally called Alwil and only the software was named Avast. The cooperative was changed to a joint partnership in 1991, two years after the caused a regime change in Czechoslovakia.
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The new regime severed ties with the Soviet Union and reverted the country's economic system to a. In 1995, Avast employee Ondřej Vlček wrote the first antivirus program for the Windows 95 operating system. In the 1990s security researchers at the Virus Bulletin, an IT security testing organization, gave the Avast an award in every category tested, increasing the popularity of the software. However, by the late 1990s, the company was struggling financially. Alwil rebuffed acquisition offers by, who was licensing the Avast antivirus engine. By 2001, Alwil was experiencing financial difficulties, when it converted to a freemium model, offering a base Avast software product at no cost.
As a result of the freemium model, the number of users of the software grew to one million by 2004 and 20 million by 2006. Former Symantec executive was appointed CEO of Avast in 2009. In 2010, Alwil changed its name to Avast, adopting the name of the software, and raised $100 million in venture capital investments. The following December, Avast filed for an, but withdrew its application the following July, citing changes in market conditions. In 2012, Avast fired its outsourced tech support service iYogi, after it was discovered that iYogi was using misleading sales tactics to persuade customers to buy unnecessary services. By 2013, Avast had 200 million users in 38 countries and had been translated into 43 languages.
At the time, the company had 350 employees. In 2014, CVC Capital bought an interest in Avast for an undisclosed sum. The purchase valued Avast at $1 billion. Later that year, Avast acquired mobile app developer Inmite in order to build Avast's mobile apps.
Additionally, in 2014 Avast's online support forum was compromised, exposing 400,000 names, passwords, and email addresses. By 2015, Avast had the largest share of the market for antivirus software.
In July 2016, Avast reached an agreement to buy AVG for $1.3 billion. AVG was a large IT security company that sold software for desktops and mobile devices. In July 2017, Avast acquired UK-based for an undisclosed sum. Piriform was the developer of.
Shortly afterwards it was disclosed that someone may have created a malicious version of CCleaner with a backdoor for hackers. Avast had its on the London Stock Exchange in May 2018, which valued it at £2.4bn and was one of the UK’s biggest technology listings. Products [ ]. See also: Avast develops and markets business and consumer IT security products for servers, desktops, and mobile devices.