6/21/2016
`
`Avast worth 'upwards of $2 billion'; no IPO before 2017 | Reuters
`
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`Stay Secure.Vigilant.Resilient.™
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`Business | Thu Oct 29, 2015 3:10pm EDT
`
`Avast worth 'upwards of $2 billion'; no IPO before 2017
`
`Related: DEALS
`
`BENGALURU | BY ABHIRUP ROY
`
`Antivirus software developer Avast Software is now worth "upwards of $2 billion", its chief
`executive said on Thursday, but it will be at least 2017 before the company goes public.
`
`BREAKINGVIEWS
`
`Avast, which provides both free and paid software for personal computers and mobile
`devices to businesses and individuals, has more than 230 million users worldwide.
`
`"We are a company that doesn't need money," Vincent Steckler told Reuters on Thursday.
`
`"Our founder investors don't need any liquidity and we don't need any cash."
`
`Prague, Czech Republicbased Avast, hoping to follow Dutch rival AVG Technologies NV
`(AVG.N), filed to go public in December 2011 but pulled it in July 2012, citing tough market
`conditions.
`
`Steckler, a former Symantec executive, said Avast would evaluate the possibility of going
`public sometime in 2017.
`
`The global cyber security market is booming, with companies and governments investing
`heavily to protect their systems from the rising risk of cyberfraud and hacking.
`
`The industry is estimated to grow to about $170 billion by 2020 from $106 billion in 2015,
`according to market research firm MarketsandMarkets.
`
`Avast is also tapping acquisitions to grow in the hotly contested turf for mobile security
`software as well as PCs.
`
`France could catch the referendum bug
`
`Brexit is trigger for market liquidity migraine
`
`EMP WER
`
`
`
`Steckler said the company would look at "eightfigure" tuckin acquisitions in the PC market
`and much bigger deals in the mobile security industry.
`
`Expand to see more
`
`As of January 2015, Avast held the biggest share of the market for antivirus applications, a
`part of the broader cyber security market, followed by Microsoft Corp (MSFT.O), AVG, Avira
`and Symantec (SYMC.O), according to statistics firm Statista. (bit.ly/1M3Fp6T)
`
`Steckler estimated 2015 revenue of $300 million a jump of nearly 40 percent from 2014.
`About 85 percent of the revenue comes from sales to consumers.
`
`Over the long term, Avast aims to make its consumer, mobile and enterprise security
`businesses its three main engines of growth.
`
`Audit | Tax | Consulting | Advisory
`
`The company has operations in 186 countries and has been targeting countries such as
`India, Thailand and Vietnam for growth.
`
`PICTURES OF THE DAY
`
`(Reporting by Abhirup Roy, additional reporting by Devika Krishna Kumar in Bengaluru;
`Editing by Saumyadeb Chakrabarty)
`
`http://www.reuters.com/article/usavastceoidUSKCN0SN2MJ20151029
`
`1/3
`
`
`
`Avast worth 'upwards of $2 billion'; no IPO before 2017 | Reuters
`
`EDITION: UNITED STATES
`
`SIGN IN
`
`Business
`
`
`
`
`Markets World
`
`
`
`Politics
`
`
`
`Tech
`
`
`
`Commentary
`
`
`
`Breakingviews
`
`
`
`Money
`
`
`
`Life
`
`
`
`
`
`
`
`Growth creates cyber risk.
`Stay Secure.Vigilant.Resilient.™
`
`Business | Thu Oct 29, 2015 3:10pm EDT
`
`Avast worth 'upwards of $2 billion'; no IPO before 2017
`
`Related: DEALS
`
`BENGALURU | BY ABHIRUP ROY
`
`Antivirus software developer Avast Software is now worth "upwards of $2 billion", its chief
`executive said on Thursday, but it will be at least 2017 before the company goes public.
`
`BREAKINGVIEWS
`
`Avast, which provides both free and paid software for personal computers and mobile
`devices to businesses and individuals, has more than 230 million users worldwide.
`
`"We are a company that doesn't need money," Vincent Steckler told Reuters on Thursday.
`
`"Our founder investors don't need any liquidity and we don't need any cash."
`
`Prague, Czech Republicbased Avast, hoping to follow Dutch rival AVG Technologies NV
`(AVG.N), filed to go public in December 2011 but pulled it in July 2012, citing tough market
`conditions.
`
`Steckler, a former Symantec executive, said Avast would evaluate the possibility of going
`public sometime in 2017.
`
`The global cyber security market is booming, with companies and governments investing
`heavily to protect their systems from the rising risk of cyberfraud and hacking.
`
`The industry is estimated to grow to about $170 billion by 2020 from $106 billion in 2015,
`according to market research firm MarketsandMarkets.
`
`Avast is also tapping acquisitions to grow in the hotly contested turf for mobile security
`software as well as PCs.
`
`France could catch the referendum bug
`
`Brexit is trigger for market liquidity migraine
`
`EMP WER
`
`
`
`Steckler said the company would look at "eightfigure" tuckin acquisitions in the PC market
`and much bigger deals in the mobile security industry.
`
`Expand to see more
`
`As of January 2015, Avast held the biggest share of the market for antivirus applications, a
`part of the broader cyber security market, followed by Microsoft Corp (MSFT.O), AVG, Avira
`and Symantec (SYMC.O), according to statistics firm Statista. (bit.ly/1M3Fp6T)
`
`Steckler estimated 2015 revenue of $300 million a jump of nearly 40 percent from 2014.
`About 85 percent of the revenue comes from sales to consumers.
`
`Over the long term, Avast aims to make its consumer, mobile and enterprise security
`businesses its three main engines of growth.
`
`Audit | Tax | Consulting | Advisory
`
`The company has operations in 186 countries and has been targeting countries such as
`India, Thailand and Vietnam for growth.
`
`PICTURES OF THE DAY
`
`(Reporting by Abhirup Roy, additional reporting by Devika Krishna Kumar in Bengaluru;
`Editing by Saumyadeb Chakrabarty)
`
`http://www.reuters.com/article/usavastceoidUSKCN0SN2MJ20151029
`
`1/3
`
`
`
`6/21/2016
`
`Avast worth 'upwards of $2 billion'; no IPO before 2017 | Reuters
`
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`http://www.reuters.com/article/usavastceoidUSKCN0SN2MJ20151029
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`6/21/2016
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`Avast worth 'upwards of $2 billion'; no IPO before 2017 | Reuters
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