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AVG acquires desktop, mobile VPN firm Privax

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AVG has acquired desktop and mobile privacy firm Privax in a deal worth up to $60 million.

Announced on Wednesday, the antivirus solution provider said the acquisition will add Privax's HideMyAss! Pro VPN service to its existing portfolio and expand AVG's mobile security offerings.

Mobile security is becoming a hot topic in the cybersecurity world as adoption rates spiral and both businesses and consumers rely more heavily upon mobile devices. Privax, which caters for over 250,000 paying subscribers worldwide, offers the HMA! Pro VPN proxy service as both a premium and free solution for devices. HMA! uses multiple servers to create a strong proxy tunnel, allowing customers to switch countries, disguise their online activity and secure communications.

Under the terms of the deal, AVG has paid $40 million and will pay up to an additional $20 million in cash one year after closing as long as Privax reaches set targets and milestones.

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