Avast was founded by
Eduard Kučera and
Pavel Baudiš in 1988. The founders met each other at the Research Institute for Mathematical Machines in Czechoslovakia. Afterwards, he asked Eduard Kučera to join him in cofounding Avast as a cooperative. The cooperative was changed to a joint partnership in 1991, two years after the
velvet revolution caused a regime change in
Czechoslovakia. The new regime severed ties with the
Soviet Union and reverted the country's economic system to a
market economy. In 2010, Alwil Software changed its name to Avast, adopting the name of the software, The following December, Avast filed for an
initial public offering, but withdrew its application the following July, citing changes in market conditions. By 2013, Avast had 200 million users in 38 countries and had been translated into 43 languages. In 2014, CVC Capital bought an interest in Avast for an undisclosed sum. The purchase valued Avast at $1 billion. Later that year, Avast acquired mobile app developer Inmite in order to build Avast's mobile apps. Additionally, Avast's online support forum was compromised in 2014, exposing 400,000 names, passwords and email addresses. By 2015, Avast had the largest share of the market for antivirus software. In July 2016, Avast reached an agreement to buy AVG for $1.3 billion. AVG was a large IT security company that sold software for desktops and mobile devices. In July 2017, Avast acquired UK-based
Piriform for an undisclosed sum. Piriform was the developer of
CCleaner. Shortly afterwards it was disclosed that someone may have created a malicious version of CCleaner with a backdoor for hackers. Avast had its
IPO on the London Stock Exchange in May 2018, which valued it at £2.4bn and was one of the UK's biggest technology listings. assumed the role of CEO and co-owner of Avast Plc in July 2019. A day later, he changed his annual pay to $1 and pledged his board director's compensation of $100,000 to charity. In April 2020, Avast released a new secure, private mobile web browser for Android based on technology acquired from previously unreported acquisition of Tenta, a Seattle-based startup. In July 2021,
NortonLifeLock, an American cybersecurity company, announced that it is in talks to
merge with Avast Software. In August 2021, Avast's board of directors agreed to an offer of US$8 billion. In September 2022, the
Competition and Markets Authority approved the proposed takeover by NortonLifeLock so allowing the transaction to be completed. The merged company became known as
Gen Digital. ==Products==