- AVG (NYSE:AVG +1.2%) has bought Privax, a provider of subscription-based VPN services that allow consumers to browse the Web anonymously on PCs and mobile devices, and avoid location blocks on content. The company is paying $40M in cash up-front + up to $20M in earn-outs a year after closing.
- Privax relies on servers in 182 countries to enable its services, which cost $6.55-$11.33/month. The company has 250K+ global paid subscribers to go with 8M+ monthly unique visitors for its free browser proxy service. AVG states the deal will expand its mobile security lineup, and that it will integrate Privax's offerings with AVG Zen and other products.
- The acquisition follows AVG's 2014 purchase of mobile security service provider Location Labs, and comes ahead of the company's May 12 analyst day.
- Separately, AVG has launched updates for its PC TuneUp and Cleaner apps that it promises will deliver further performance gains. The updates cover Windows, Mac, and Android apps.
- Last week: AVG soars on Q4 beat, subscription growth