Summit Partners Backs AVAST

Marino, Jonathan
August 2010
Mergers & Acquisitions Report;8/23/2010, Vol. 23 Issue 34, p21
The article reports on the 100 million dollars in investment being made by British private equity firm Summit Partners to technology antivirus program developer AVAST Software. Summit will reportedly source the fund from its 1.05 billion euro Summit Partners Europe Private Equity Fund. According to AVAST's Vince Steckler, the firm's freemium business model will continue to be implemented, a move supported by Summit Partners' Scott Collins.


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