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Avast had its IPO on the London Stock Exchange in May 2018, which valued it at ВЈ2.4bn and was one of the UKвЂ™s biggest technology listings. Shortly afterwards it was disclosed that someone may have created a malicious version of CCleaner with a backdoor for hackers. In July 2017, Avast acquired UK-based Piriform for an undisclosed sum.

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AVG was a large IT security company that sold software for desktops and mobile devices. In July 2016, Avast reached an agreement to buy AVG for $1.3 billion. By 2015, Avast had the largest share of the market for antivirus software. Additionally, in 2014 Avast's online support forum was compromised, exposing 400,000 names, passwords and email addresses. Later that year, Avast acquired mobile app developer Inmite in order to build Avast's mobile apps.

In 2014, CVC Capital bought an interest in Avast for an undisclosed sum. At the time, the company had 350 employees. By 2013, Avast had 200 million users in 38 countries and had been translated into 43 languages. In 2012, Avast fired its outsourced tech support service iYogi, after it was discovered that iYogi was using misleading sales tactics to persuade customers to buy unnecessary services. The following December, Avast filed for an initial public offering, but withdrew its application the following July, citing changes in market conditions. In 2010, Alwil changed its name to Avast, adopting the name of the software, and raised $100 million in venture capital investments. Former Symantec executive Vince Steckler was appointed CEO of Avast in 2009. As a result of the freemium model, the number of users of the software grew to one million by 2004 and 20 million by 2006. Д«y 2001, Alwil was experiencing financial difficulties, when it converted to a freemium model, offering a base Avast software product at no cost. Alwil rebuffed acquisition offers by McAfee, who was licensing the Avast antivirus engine. However, by the late 1990s, the company was struggling financially.

In the 1990s security researchers at the Virus Bulletin, an IT security testing organization, gave the Avast software an award in every category tested, increasing the popularity of the software.

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In 1995, Avast employee OndЕ™ej VlДЌek wrote the first antivirus program for the Windows 95 operating system. The new regime severed ties with the Soviet Union and reverted the country's economic system to a market economy. The cooperative was changed to a joint partnership in 1991, two years after the velvet revolution caused a regime change in Czechoslovakia. The cooperative was originally called Alwil and only the software was named Avast. Afterwards, he asked Eduard Kucera to join him in cofounding Avast as a cooperative. At the Institute, Pavel BaudiЕЎ discovered the Vienna virus on a floppy disk and developed the first program to remove it. They studied math and computer science, because the Communist Party of Czechoslovakia would require them to join the communist party to study physics. The founders met each other at the Research Institute for Mathematical Machines in Czechoslovakia. The company's main product is the Avast Antivirus along with tools such as the Avast Secure Browser and the Avast SecureLine VPN.ДЄvast was founded by Eduard KuДЌera and Pavel BaudiЕЎ in 1988. It is dual-listed on the Prague Stock Exchange and on the London Stock Exchange and is a constituent of the FTSE 100 Index. At the time, AVG was the third-ranked antivirus product. In July 2016, Avast acquired competitor AVG Technologies for $1.3 billion. It had been a private company since 2010 and had its IPO in May 2018. ДЄvast was founded by Pavel BaudiЕЎ and Eduard KuДЌera in 1988 as a cooperative. In August 2021, Avast's board of directors agreed to an offer of US $8 billion. In July 2021, NortonLifeLock, an American cybersecurity company, announced that it is in talks to merge with Avast Software. The company has approximately 1,700 employees across its 25 offices worldwide. Avast has more than 435 million monthly active users and the second largest market share among anti-malware application vendors worldwide as of April 2020. is a Czech multinational cybersecurity software company headquartered in Prague, Czech Republic that researches and develops computer security software, machine learning and artificial intelligence. Avast founders Eduard KuДЌera (left) and Pavel BaudiЕЎ (right) in 2016 with their spouses, who run the non-profit Avast Foundation for community developmentДЄvast Software s.r.o.

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