• Czech security software firm Avast Software agreed to buy AVG Technologies for $1.3 billion in an all-cash transaction.
• Avast plans to use the acquisition to grow into new geographies and expand its user base; the two companies combined have about 400 million users, including about 16 million mobile security users, according to a statement announcing the transaction.
• Avast also plans to use to acquisition to expand in new offerings, including security for IoT devices and solutions for small and medium businesses.
• The deal may represent a soft landing for AVG, as the Netherlands-based antivirus firm has been beset by a series of embarrassing security incidents.
• The same month, Google Project Zero discovered a flaw in another product, AVG Web TuneUp, a Chrome extension that forcibly installs when users install the AVG antivirus software.

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