NortonLifeLock (Nasdaq: NLOK) is buying cybersecurity company Avira from Investcorp for $360 million. The deal will expand NortonLifeLock’s global reach while growing its freemium services.
Germany-based Avira offers software security services, including anti-malware and threat intelligence to protect users’ online identity, finances and private data.
“NortonLifeLock’s vision to provide cyber safety for everyone directly aligns with our belief that everyone has the right to enjoy life online safely, securely and privately. With cyber threats continuing to grow globally, we are excited to join forces with NortonLifeLock to reach and protect more consumers around the globe,” says Avira CEO Travis Witteveen.