Brianna

Avast Software, Inc. is a global software corporation that produces anti-virus software. The company was founded in 1996 and has since been acquired by AVG Technologies, Inc.

in 2009. In 2017, AVG announced that it plans to sell Avast and its related brands.

The company has been facing financial difficulties for some time. In March 2017, it announced that it had incurred a net loss of US$148 million for the fiscal year 2016.

This was largely due to the increase in costs associated with developing new products and increasing marketing expenses. In addition, the company has been facing competition from rivals such as Symantec, Kaspersky Lab, and Bitdefender.

The company’s future is uncertain. If it is sold, it is possible that the new owner will discontinue the Avast brand.

If it is not sold, it is possible that the company will find a way to revive its fortunes.