Summit Partners invests $100 million in AVAST Software
August 2010 by Marc Jacob
AVAST Software announced that growth equity investor Summit Partners has invested $100 million for a minority stake in the company.
avast! antivirus now protects one out of every five computers around the world from malware. Its award-winning protection is based on the CommunityIQ system of user-submitted data on suspected viruses and infected websites. Independent testing confirms that avast! Free Antivirus protection meets or exceeds the performance of most paid products.