The investment, subject to approval by the competition council of the Czech Republic, is the largest investment in central and eastern Europe by Intel Corp’s venture capital arm.
Grisoft’s AVG anti-virus products, which support all major operating systems and platforms, are now used on more than 25 million PCs.
Grisoft chairman Gabriel Eichler said the company is on the path to becoming the global leader within its market segment. We felt that it was the appropriate time to bring in value-added investors to help capture Grisoft’s future prospects, he said.
