Avira Operations GmbH & Co. KG
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Avira Operations GmbH & Co. KG - overview
Established
1986
Location
Tettnang, -, Germany
Primary Industry
IT Security/Cybersecurity
About
Avira Operations GmbH & Co. KG is a cybersecurity company that specializes in providing comprehensive security solutions, including antivirus software and online privacy tools, to protect users from various digital threats. Founded in 1986, Avira Operations GmbH & Co. KG is based in Tettnang, Germany.
In December 2020, NortonLifeLock Inc. agreed to acquire Avira Operations GmbH & Co. KG from Investcorp for USD 360 million. In December 2020, Investcorp sold its stake in Avira to NortonLifeLock for USD 360 mn.
The founder, Kumi Herlem, established the firm with a vision to enhance digital security. The company has completed 2 deals to date, with the latest deal occurring on December 7, 2020, raising a total of USD 180. 00 mn. Avira offers a wide range of cybersecurity solutions centered around its flagship product, Avira Free Security.
This software integrates antivirus capabilities with privacy-enhancing features and performance optimization tools, protecting users against threats such as viruses, trojans, ransomware, and phishing attacks. Avira caters to both individual consumers and businesses across North America, Europe, and Asia by providing free and premium versions of its products that meet varied user needs. In the most recent year, Avira reported a revenue of USD 75. 54 mn and an EBITDA of USD 7.
44 mn. The company operates on a subscription-based model, offering various pricing plans for its premium products, including Avira Prime at USD 109. 99 for up to five devices and Avira Antivirus Pro at USD 64. 99.
This model accommodates individual users and enterprises, ensuring a steady revenue stream. Avira aims to expand its product offerings and enhance its market presence. The company is developing new security solutions and plans to enter emerging markets in Asia and South America by 2023. Recent funding from the sale to NortonLifeLock Inc.
will support these initiatives, enabling Avira to innovate and grow its user base while enhancing its cybersecurity capabilities.
Current Investors
Bain Capital, Silver Lake, NortonLifeLock Inc.
Primary Industry
IT Security/Cybersecurity
Sub Industries
Business Support Services, Internet, IT Security/Cybersecurity, Software, Monitoring & Security Software
Website
www.avira.com/
Verticals
Cloud Computing, Cloud Computing, E-commerce, IoT (Internet of Things), Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Avira Operations GmbH & Co. KG - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | BullGuard Limited | - | ||||||||
| Trade Sale | Completed | Avira Operations GmbH & Co. KG | - | ||||||||
| Buyout | Completed | Avira Operations GmbH & Co. KG | - |
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