Investcorp Technology Partners makes a big investment in Avira
Avira is largely taken over by Investcorp Technology Partners (ITP). Avria has already officially confirmed this in a press release. The founder of Avira, Tjark Auerbach, announced: “In Investcorp I have found an investment partner who shares my values and supports the management team’s strategy of continuing to protect people over the long term.”
If, contrary to expectations, Avira doesn’t tell you anything: The company offers virus scanners and other PC optimization and protection solutions. According to Avira, profitable growth in the segments for both private and OEM customers should continue to be the top priority. Thanks to Investcorp Technology Partners, your own opportunities would now increase significantly.
Investcorp prefers to invest in medium-sized technology companies in the areas of IT security, data / analytics and financial technology / payments. Past investments include Utimaco, Sophos, Optiv, SecureLink, CoreSec, Nebulas, iT-CUBE, CSID, OpSec and Impero. The takeover is currently not quite complete, as it is still subject to antitrust approval.
Incidentally, the two companies do not publicly disclose how much money has now been moved back and forth. It was said, however, that Avira was valued at around 180 million US dollars. Even if ITP is now to hold the majority stake in Avira, the founder Auerbach will keep a significant stake. Avira would like to expand into other markets under the new patronage, e.g. B. the Middle East, where Investcorp is already active.