Viruses, worms, trojans and other stuff

Friday, September 16, 2005

Intel Capital To Acquire $16M Stake In Grisoft

Intel Capital, Intel Corporation’s venture investment program, today announced the signing of an agreement to acquire a $16M stake in Grisoft, one of the leading providers of anti-virus security software. The investment is subject to approval by the competition council of the Czech Republic.

The $52 million investment in Grisoft by Enterprise Investors and Intel Capital will result in a new ownership structure of the company, with a majority stake being acquired from current owners Benson Oak Capital. As a result of this strategic transaction, the two new investors will own a 65% stake in Grisoft.

Founded in 1991, Grisoft is a leading global provider of security software solutions. Specializing in anti-virus solutions, Grisoft’s primary goal is to deliver to the market the most comprehensive and proactive protection available. Distributed globally through resellers and through the Internet, the AVG Anti-Virus and firewall product line supports all major operating systems and platforms, and is now used by more than 25 million users around the world. Grisoft has offices in Brno, Czech Republic and in the United States.

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