AVG Tech to acquire DroidSecurity

AMSTERDAM, NETHERLANDS: AVG Technologies has announced the acquisition of Tel Aviv-based DroidSecurity, a firm that specilazies in cloud-based mobile security.

DroidSecurity exclusively focuses on protecting smartphones, tablets and other devices running on the Google's Android operating system.

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According to a release, the acquisition enables AVG's Mobile Solutions Team (MST) to extend its security offerings for its more than 110 million consumers and small businesses in 170 countries to include the rapidly expanding mobile security arena. In October 2010, DroidSecurity's mobile security app, antivirus free, surpassed the 4.5 million download milestone, making it one the most popular security applications on the Android platform. This milestone reflects important trends taking place in the mobile security arena, including the security consciousness of Android users, the explosive growth of the Android marketplace, and an exceptionally strong user demand for mobile security.

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"The potential that exists within the mobile space is extraordinary, and we predict that devices like smart phones will overtake PCs in 2012," said J.R. Smith, chief executive officer, AVG. "AVG acquired DroidSecurity to accelerate our delivery of sophisticated mobile security and provide users around the world with the reliable and secure technology they need to confidently mitigate the risks associated with using mobile devices."

"DroidSecurity and AVG share a common vision of securing consumers, small businesses and enterprises, and we believe there is a green field of opportunity when it comes to making sure mobile devices are protected," said Eran Pfeffer, CEO and co-founder, DroidSecurity. "Integrating our security technologies will allow mobile users to leverage the power of their mobile devices without compromising their personal security or that of their organizations."