- Avira, and especially its founder Tjark Auerbach, have always aimed to offer more than security to everyone. Accordingly, Avira Free Antivirus provides basic protection for private users.
- This acquisition represents the first institutional investment in Avira since it was founded in 1986 by Tjark Auerbach. Commenting on the investment, Gilbert Kamieniecky, Managing Director.
Building on 30 years of experience in the cybersecurity and antivirus industry, the strategic partnership positions Avira for global and product expansion opportunities.
TETTNANG, GERMANY, April 9, 2020 – Avira today announced it has entered into an agreement with Investcorp Technology Partners IV. The acquisition represents the first institutional investment in Avira since it was founded in 1986 by Tjark Auerbach.
'We have been protecting our users for more than 30 years,' stated Tjark Auerbach, Founder of Avira. 'With Investcorp, I have an investment partner who shares my values and will underpin the strategy of the management team to continue protecting people for many years to come.”
Co-founder Tjark Auerbach steps down as CEO, but remains the majority shareholder of Avira. Travis Witteveen replaces Mr. Auerbach as CEO beginning of H2 2013. Avira expands its Android security offering and launches both iOS security and its Online Essentials solution. Avira, founded by Tjark Auerbach, is an original pioneer of the freemium software business model off.
The investment marks a new chapter in Avira history, allowing the company to bring its decades of experience, knowledge and products to more people around the world.
“We are proud to be partnering with a firm that offers such a breadth of experience working with growing technology and software companies,” said Travis Witteveen, Chief Executive Officer of Avira. “The investment confirms our business strategy and enables Avira to further accelerate our profitable growth in the consumer and OEM market segments.'
Headquartered in Germany with offices across the EU, in the United States, and in Asia, Avira is a multinational cybersecurity software solutions firm serving the OEM (Original Equipment Manufacturer) and consumer markets, with more than 500 million endpoints protected globally. With over 30 years of product development experience, Avira specializes in anti-malware, threat intelligence and IoT solutions. Avira software provides next generation security for users’ online identity, finances, and private data, protecting against viruses, malware, ransomware and other threats. In addition, the company is the original pioneer of the freemium software business model to offer high quality, market-leading security products, free-of-charge.
Investcorp has established a market leading position of investing in mid-market technology companies with a specific focus on IT Security, Data/Analytics, and Fintech/Payment sectors. Previous investments include Utimaco, Sophos, Optiv, SecureLink, CoreSec, Nebulas, iT-CUBE, CSID, OpSec and Impero.
Avira Tjark Auerbach Obituary
“We are delighted to announce another high-quality addition to our Technology Partners portfolio. Avira represents an attractive opportunity to invest in a cybersecurity business,” said Gilbert Kamieniecky, Managing Director and Head of Investcorp’s Technology Private Equity Business. “With our long history of working with cybersecurity, IoT and data-driven businesses, Investcorp is looking forward to supporting Avira’s targeted growth trajectory and expansion plans.”
The acquisition remains subject to anti-trust approval.
Media Contact: Brittany Posey-ThomasHead of PR USA
[email protected] +49 151 11342212
Investcorp is a leading global manager of alternative investments. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating value through a disciplined investment approach in six lines of business: private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital.
As at December 31, 2019, the Investcorp Group had US $31.1 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Since its inception in 1982, Investcorp has made over 195 Private Equity deals in the U.S., Europe, the Middle East and North Africa region and Asia, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 800 commercial and residential real estate investments in the US and Europe, for in excess of US $61 billion in transaction value.
Investcorp employs approximately 550 people across its offices in New York, London, Bahrain, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please visit: www.investcorp.com.
Avira’s mission is to protect people in an increasingly connected world. As the original pioneer of freemium security software, Avira offers consumers a complete portfolio of security, privacy, and performance tools for free with premium options. For over 30 years, Avira has been consistently innovating and adapting to the ever-changing digital world and today offers products for Windows, Mac, Android, iOS and smart homes that are consistently rated best-in-class.
Avira is now a part of NortonLifeLock Inc., a global leader in consumer Cyber Safety. For more information about Avira visit www.avira.com.
TETTNANG, Germany--(BUSINESS WIRE)--Cyber-security expert Avira announced today that Travis Witteveen has been promoted to CEO of the company, effective July 1, 2013. Witteveen, who has been with Avira since 2009, was formerly Chief Operating Officer. Company founder Tjark Auerbach, who started Avira more than 27 years ago in a garage in Germany, will remain the majority shareholder.
Witteveen’s entire career since 1992 has been in the security software industry. Prior to joining Avira, Witteveen distinguished himself as senior vice president of sales and global operations at F-Secure (NASDAQ OMX: FSC1V) and vice president of global sales at AVG Technologies (NYSE: AVG). At both previous companies, Witteveen was responsible for internationalizing sales and distribution and driving global sales growth.
Avira has quietly become one of the largest antivirus software companies in the world with more than 100 million active users and 500 employees worldwide. Avira was recently ranked #1 in technology innovation according to ABI Research; recommended by Consumer Reports for its free antivirus software; cited by OPSWAT as the #1fastest-growing antivirus vendor in 2012 and the #2 largest vendor worldwide in 2011; and has received a nearly unbroken string of Virus Bulletin VB100 awards for the last decade.
“Avira is a healthy growing company, firmly established in the security industry,” said Tjark Auerbach, founder and majority shareholder of Avira. “With Travis, I have found a successor who shares my same vision for the company, and has the operational skills and industry connections to take Avira to the next level. He also possesses similar values as I do, and a relentless passion to build and do great things.”
“For the last 27 years Tjark Auerbach has built a top notch company with great employees, achieving a leadership position in the antivirus industry. I am honored he has chosen me to continue evolving Avira,” said Travis Witteveen. “We have a solid pipeline of innovative technology and solutions, expanding our offering beyond just computers and devices. We have a great team with a strong commitment to the customer. It will be hard work but we are going to have a lot of fun continuing the growth and success of Avira.
“In the coming months we will strengthen our leadership in the antivirus industry even more. We will expand our portfolio by providing more security and safety functionality across all our customers’ internet-connected devices, as well as the services and activities they engage in. I’m excited.”
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Avira Tjark Auerbach &
Avira wants its customers to ‘live free’ from spyware, phishing, viruses and other internet-based threats. The company was founded more than 27 years ago on Tjark Auerbach's promise to 'make software that does good things for my friends and family.' More than 100 million consumers and small businesses now depend upon Avira’s security expertise and award-winning antivirus software, making the company the number-two market share leader globally. Avira provides IT-security protection to computers, smartphones, servers and networks, delivered as both software and cloud-based services.
Tjark Auerbach Avira
In addition to protecting the online world, Avira promotes well-being in the offline world through the Auerbach Foundation, which supports charitable and social projects. The philosophy of the foundation is to help people to help themselves.