Connect with us

Hi, what are you looking for?


Malware & Threats

AVG to Acquire Mobile Security Firm Location Labs

AVG Technologies announced its plan today to acquire Location Labs, a privately-held company focused on securing mobile devices.

AVG Technologies announced its plan today to acquire Location Labs, a privately-held company focused on securing mobile devices.

AVG Technologies will pay $140 million initially, plus an additional $80 million in cash considerations during the next two years based on the achievement of certain performance-related criteria. The company expects the deal to close in the fourth quarter of 2014.

“Location Labs has effectively cracked the code for mobile monetization through its highly successful business model with industry partners,” said Gary Kovacs, chief executive officer at AVG Technologies, in a statement. “This acquisition significantly accelerates AVG’s mobile strategy in this area.”

AVG has high hopes for the deal. Between the acquisition and organic growth, AVG estimates its global business will generate $60-70 million in mobile bookings in 2015, and anticipates that scaling to around $100 million in mobile bookings in 2016.

“According to industry estimates, the number of mobile-connected devices will exceed the world’s population by the end of this year alone,” Kovacs added. “The combined existing mobile user base of both companies gives us the unprecedented opportunity to deliver online security to approximately a quarter of a billion devices as we see more people go mobile to get online.”

AVG’s mobile offerings include the AVG AntiVirus for Android app as well as AVG Zen, an application for Windows PCs and Android smartphones and tablets that launched earlier this year. In Location Labs, AVG is getting a platform of security products for mobile devices that integrates with major mobile operators in the United States.

“Location Labs has differentiated itself through building a valued partnership model for mobile operators,” said Tasso Roumeliotis, founder and chief executive officer of Location Labs, in a statement. “Adding AVG’s proven mobile products to our own services and products will significantly enhance the innovation and support we can provide to our partners and to additional markets worldwide.”

Once the acquisition closes, Location Labs CEO Roumeliotis will continue to lead the Location Labs business. 

Advertisement. Scroll to continue reading.

Written By

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content


The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.


A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...


No one combatting cybercrime knows everything, but everyone in the battle has some intelligence to contribute to the larger knowledge base.

Malware & Threats

Threat actors are increasingly abusing Microsoft OneNote documents to deliver malware in both targeted and spray-and-pray campaigns.

Malware & Threats

Unpatched and unprotected VMware ESXi servers worldwide have been targeted in a ransomware attack exploiting a vulnerability patched in 2021.

Malware & Threats

A vulnerability affecting IBM’s Aspera Faspex file transfer solution, tracked as CVE-2022-47986, has been exploited in attacks.


The recent ransomware attack targeting Rackspace was conducted by a cybercrime group named Play using a new exploitation method, the cloud company revealed this...

Application Security

Virtualization technology giant VMware on Tuesday shipped urgent updates to fix a trio of security problems in multiple software products, including a virtual machine...