Intel Enters Anti-Virus Market
Intel is branching into anti-virus security with a $16 million investment in Czech anti-virus software vendor Grisoft. Grisoft’s AVG anti-virus is used on more than 25 million computers worldwide, according to the company.
Intel said its investment will help the software to reach a wider market and approach new customers. The company’s product is already distributed through resellers worldwide and through the Internet.
“By acquiring shares in Grisoft, Intel Capital is supporting the development of anti-virus software development and deployment around the globe," said Intel Capital President Arvind Sodhani.
The purchase is Intel’s largest investment to date in Eastern Europe. Last year, Intel invested more than $100 million with 40 percent of the investments were made outside of United States.
