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AVG Technologies
AVG Technologies B.V. is a brand of cybersecurity, privacy, performance and utility software applications for desktop computers and mobile devices developed by Avast, a part of Gen Digital. AVG was a cybersecurity software company founded in 1991 and it merged into Avast following an acquisition in 2017. It typically offers freeware, earning revenues from advertisers and from users that upgrade to paid versions for access to more features. AVG was founded in 1990 in Czechoslovakia. In the early 2000s, AVG expanded internationally and used money from venture capital investments to fund a series of acquisitions. AVG went public on the New York Stock Exchange in February 2012. Avast acquired AVG for $1.3 billion in July 2016. In about September, 2022, Avast and Norton became Gen Digital. History AVG Technologies was founded by Tomáš Hofer and Jan Gritzbach in 1990 under the name Grisoft in Brno, Czechoslovakia. Initially, Grisoft sold IT equipment and third-party software, in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |