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Avast (LSE:AVST) has launched a free Network Discovery tool integrated within its Avast Business Hub, aimed at small and medium businesses (SMBs) and Managed Service Providers (MSPs). This tool provides enhanced visibility into IT networks, enabling network administrators to monitor all devices, including unauthorized ones, amid the rising complexity of modern networks. By streamlining customer onboarding and facilitating security management, Network Discovery empowers SMBs to safeguard their business environments. The tool is available globally at no extra charge for Hub users.
Avast has launched Avast Secure Browser PRO, a premium browser for Windows PCs, featuring integrated VPN and advanced Adblock technology. This upgrade enhances security and privacy for users, addressing web-based threats. The built-in VPN allows access to 30 global locations, ensuring encrypted connections. The subscription offers three pricing tiers, starting at $2.92 per month for a two-year plan, with a seven-day free trial. This development aligns with Avast's mission to provide safer browsing experiences and strengthen user privacy control.
Avast (LSE:AVST) CEO Ondrej Vlcek and Chess Grandmaster Garry Kasparov will speak at the Web Summit in Lisbon on November 3rd, addressing digital rights and privacy. The discussion, titled "Taking back control of the internet," aims to highlight the challenges and inequalities faced in the digital space. Kasparov will also participate in a fireside chat on November 4th about his role in the Netflix series "The Queen's Gambit" and conduct a chess exhibition. Avast emphasizes its commitment to digital freedom as a fundamental human right.
Avast plc reported a 5.6% organic revenue growth for Q3 2021, totaling $232.7 million, and an 8.8% increase for the first nine months to $704.0 million. Adjusted EBITDA rose 0.8% to $127.0 million in Q3, contributing to an 8.1% year-to-date growth of $397.1 million. The company anticipates FY 2021 revenue growth at the upper end of 6-8% and a stable EBITDA margin. Despite competitive pressures noted in customer acquisition, initiatives like the rollout of Avast One aim to boost engagement.
Avast (LSE:AVST) announced three significant appointments to strengthen its technology division, emphasizing threat research, AI, and innovation. Daria Loi joins as Head of Innovation, Siggi Stefnisson as Head of Threat Labs, and Andrew B. Gardner as Vice President of Research & AI. These leaders bring over 20 years of experience each, enhancing Avast's capabilities to combat digital threats. Michal Pechoucek, CTO, stated their leadership is crucial for realizing Avast's vision of a safer digital world.
The Avast Foundation has launched a new community program aimed at enhancing digital freedom and citizenship. This initiative focuses on collaborative partnerships with organizations to provide essential resources and promote inclusive digital engagement globally. The first global partnership with the Global Fund for Children will emphasize youth leadership development. Avast commits to donating 1% of annual profits to philanthropy through this foundation, with an immediate focus on projects in the US and UK that empower young people and ensure equitable access to digital tools.
Avast (LSE:AVST) has unveiled a new brand identity and an expanded mission aimed at protecting digital freedom for all online users. The pandemic has heightened awareness around online privacy, as highlighted in Avast's Digital Citizenship Report, revealing that 65% of individuals are deterred from online activities due to security concerns. CEO Ondrej Vlcek emphasized the importance of safe internet access as a digital right. The launch of Avast One, a comprehensive digital protection service, alongside the new Foundation program addressing digital freedom issues, underscores this commitment.
On July 21, 2021, Avast and RiskIQ announced a strategic threat intelligence partnership aimed at enhancing digital security. This collaboration will leverage both companies' expertise to develop integrated threat intelligence solutions for their customers. Avast, with its extensive global threat detection network, aims to improve its threat hunting capabilities, while RiskIQ will enhance its understanding of the threat landscape through Avast's data. This partnership is expected to deliver advanced threat detection and incident response capabilities, benefiting businesses and consumers alike.
The Board of Avast confirmed advanced discussions for a potential merger with NortonLifeLock Inc. (Norton). While there is no certainty regarding the transaction's completion or terms, it may involve a cash and share offer. Norton is expected to announce a firm intention to make an offer by 5:00 p.m. London time on 11 August 2021. Avast's announcement emphasizes compliance with the City Code on Takeovers and Mergers, noting that this statement has been made without Norton’s consent.
