Intel to buy $16m stake in Grisoft - maker of AVG Free anti-virus
AVG Free's days may be numbered, Intel having announced that it is going to buy a $16m share in Grisoft, the company that makes this hugely popular free anti-virus program.
Quote:
Intel Capital, Intel Corporation’s venture investment program, today announced the signing of an agreement to acquire a $16M stake in Grisoft, one of the leading providers of anti-virus security software. The investment is subject to approval by the competition council of the Czech Republic.
Grisoft Chairman Gabriel Eichler said, "AVG software, now including firewall, protects 25 million computers worldwide. We felt that it was the appropriate time to bring in value-added investors to help capture Grisoft’s future prospects."
Check out the Intel press release for more.
