Internet security software vendor AVG Technologies (AVG) today announced that it has acquired Bsecure Technologies, a provider of consumer-focused Internet filtering and anti-virus software. Bsecure's offerings, which focus on parental control and “family security” products, will further help AVG penetrate the home Internet security market. Terms of the transaction were not disclosed.
In March 2011 AVG, announced that it secured $235 million in credit financing, perhaps some of that was used to fund this acquisition.
"The acquisition of Bsecure reinforces our company's long-standing dedication and leadership in protecting families online. The expansion of online access and use of cloud computing across mobile and PC platforms has created increasing demand from our consumers for offerings that protect both them and their families, while making the cloud experience more user-friendly and manageable," said J.R. Smith, AVG Technologies' Chief Executive Officer.
AVG noted that Bsecure's portfolio complements AVG's existing offerings, and that Bsecure has been a key AVG partner in offering parental control products. AVG says the alignment significantly strengthens AVG's offering and all-round protection technologies for its customers.
"We look forward to seamlessly integrating our operations and knowledge under AVG Technologies,” said David Haadsma, CEO, Bsecure. “This acquisition highlights the value that we have successfully created at Bsecure. We will leverage our technology and products to provide value added offerings to AVG customers while protecting them against rapidly expanding threats."
In November 2010, AVG acquired DroidSecurity, a cloud-based mobile security company based in Tel Aviv to help expand the company’s mobile security offerings.