Investcorp acquires cybersecurity firm, Avira

Gilbert Kamieniecky, managing director of Investcorp Technology Partners.
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Updated 12 April 2020

Investcorp acquires cybersecurity firm, Avira

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.”


Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Updated 04 June 2020

Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Jeddah, Saudi Arabia: Al-Dabbagh Holding Group, founded in 1962, has been ranked sixth in the Saudi Arabian private sector's best working environments for the year 2020. The ranking is compiled by Great Place to Work, a leading global organization that evaluates work environments across more than 60 countries.
This achievement comes in recognition of Al-Dabbagh Group's efforts toward creating and fostering a positive working environment for all. Employees participated in a questionnaire on work-place satisfaction, and the company policies were also subject to an external review, both of which contributed to the resulting ranking.
Al-Dabbagh Group’s Head of Human Resources, Hayfa Abu-Zabibah has said that "this achievement is the result of the Group's unique culture, derived from the philosophy of Omnipreneurship, which embraces comprehensive leadership and is made up of three principles (Giving, Earning and Sustaining) five values (integrity, passion, respect, forward-thinking, teamwork) and ten golden rules. The principles, values and golden rules provide the framework that govern the Group’s ecosystem and culture.”
Hayfa added that receiving this award will only increase the Group’s motivation to further promote this ecosystem and continue efforts toward becoming a better place to work.