Investcorp acquires cybersecurity firm, Avira

Gilbert Kamieniecky, managing director of Investcorp Technology Partners.

Investcorp Technology Partners, an European technology investor, announced that it has agreed to acquire Avira Holding GmbH & Co. KG and ALV GmbH & Co. KG for $180 million.
Avira is a German-headquartered, multinational cybersecurity software solutions firm serving the OEM (original equipment manufacturer) and consumer end markets, with more than 500 million endpoints protected globally.
This acquisition represents the first institutional investment in Avira since it was founded in 1986 by Tjark Auerbach.
Gilbert Kamieniecky, managing director of Investcorp Technology Partners, said: “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 and marks our third investment in the DACH tech sector in the last 18 months. 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.”
Travis Witteveen, CEO of Avira, added: “We are proud to be partnering with a firm that offers such a breadth of experience working with growing technology and software firms. The investment confirms our business strategy and enables us to further accelerate our profitable growth in the consumer and OEM market segments.”