Welcome to the fascinating world of Avast PLC, a Czech company that has established itself as a major player in cybersecurity. In this article, we'll be diving into the world of Avast, exploring its activities, tracing its impressive growth path over the years, and finally, taking a close look at the financial aspects of this innovative company. Fasten your seatbelts, the discovery begins!
Introducing Avast PLC and its activities
Founded in 1988 by Pavel Baudis and Eduard (Eda) Kucera, in Prague, Avast PLC has rapidly emerged as one of the world's leading cybersecurity companies. With a clear mission to protect users from online threats, Avast offers a wide range of security products and services, from traditional antivirus solutions to advanced protection tools against cyber attacks.
Avast's strength lies in its innovative approach, integrating artificial intelligence and machine learning to anticipate and counter new digital threats. The company is committed to making the digital environment safe and accessible to all, with a global presence that testifies to its impact on user protection.
Growth and development over the years
Over the years, Avast has enjoyed remarkable growth, constantly extending its reach and strengthening its position in the global market. Strategic partnerships and intelligent acquisitions have helped consolidate its place as an industry leader. The company has kept pace with technological trends, evolving from a simple antivirus solution to a comprehensive suite of security services.
Avast's sales have been growing steadily, with an estimated turnover of 941 million (Gbp) in the year 2021, an increase of 5.4%. This expansion testifies to the growing confidence of users and businesses in Avast's cybersecurity solutions.
Avast PLC financials: fundraising, valuation and more
Let's delve into the figures that define Avast's financial health. During its various growth phases, the company has managed to raise significant funds.
In terms of valuation, Avast PLC achieved an impressive valuation of 9.13 billion when it goes public in 2019. This valuation reflects the market's recognition of the growing importance of cybersecurity in our digital age.
Financial indicators such as net profit, profit margin and return on investment also position Avast as a financially solid company.
Avast PLC: key information
Number of employees to date
More than 1,000 employees, the exact number is not specified.
Sales figures
941 million (Gbp) in 2021, 5.41% more than the previous year
Initial public offering
In 2019 on the London Stock Exchange (LSE). Its valuation at that time was around £2.4 billion at the time of its IPO.
Scalability
The company has 120 million customers worldwide.
Mantra / Quotes
