Investcorp Acquires Avira: Business Focus
Avira, which has roughly 500 employees, is headquartered in Tettnang, Germany with additional offices in the EU, the United States, and Asia. The investment will allow Avira to expand its offerings to more regions and customers around the globe, the company said.Avira's business extends back to 1986. Today, the software protects 500 million endpoints globally. The firm specializes in anti-malware, threat intelligence, and IoT solutions. A freemium software model has been key to Avira's growth.New owner Investcorp Technology Partners is the PE division of Investcorp Bank.Avira Acquisition: Executive Perspectives

"We have been protecting our users for more than 30 years. 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.”
“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. 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.”
M&A Continues at a Slower Pace
The coronavirus pandemic has pressured M&A activity but there are still pockets of activity.German firms have been particularly active in recent weeks. Noteworthy deals include:“(Owners) of IT Managed Services Providers have been telling us that Managed Services’ recurring revenue has been relatively stable while on-site project work has slowed because of social distancing and working-from-home scenarios. In fact, IT-MSP owners are experiencing top and bottom-line growth opportunities as clients and their employees are requiring work from home IT capabilities and services.”