Private equity company Investcorp Technology Partners has announced the acquisition of cybersecurity software provider Avira. The financial terms of the deal were not disclosed. Avira provides antivirus, identity management, and other tools. The deal will enable Avira to expand its offerings to more regions and customers across the globe. It will involve ITP taking majority ownership in the company, with Avira founder Tjark Auerbach retaining a major stake of the company in the deal.
Headquartered in Germany, Avira has additional offices in the EU, the United States, and Asia and has over 500 employees.