![]() Lookout, for its part, plans to use the proceeds from the deal to grow its presence in the enterprise cybersecurity market. F-Secure expects that the acquisition will “significantly accelerate” revenue growth as well as improve its earnings before interest, taxes and amortization. The company’s sales grew 1.6% year-over-year, to 27.8 million euros, in the three months ended March 31. ![]() Lookout Life can run on the Google LLC-developed operating system, which isn’t yet supported by F-Secure’s flagship antivirus.į-Secure reported financial results for its fiscal first quarter in conjunction with today’s acquisition announcement. Additionally, the deal could expand its presence in the ChromeOS ecosystem. The addition of Lookout Life’s 200 million users will help the company significantly grow its installed base. F-Secure says it has 16 million customers worldwide. The Helsinki-based company sells a popular antivirus platform for Windows computers, Macs and handsets. The acquisition of Lookout Life will help F-Secure expand its presence in the cybersecurity market. Alongside its core antivirus features, the platform includes a tool that alerts consumers if their data is stolen as part of a hacking campaign. It’s capable of detecting malicious apps as well as other threats such as insecure Wi-Fi networks. The company’s flagship consumer product is Lookout Life, an antivirus platform that supports iOS, Android and ChromeOS. The transaction is expected to close by July. Lookout plans to focus on the enterprise cybersecurity market following the sale. According to TechCrunch, the deal is believed to be worth about $223 million. Lookout didn’t disclose the financial terms in its announcement of the transaction today. ![]() The buyer is F-Secure Corp., a competing antivirus maker. is selling its consumer business, which develops a popular mobile antivirus with more than 200 million users worldwide.
0 Comments
Leave a Reply. |