NortonLifeLock, Avast merge to create $8 billion cyber security company

Global digital security companies NortonLifeLock and Avast have announced to merge their operations to become a mega cyber security empire worth more than $8 billion.

The new company, yet to be renamed, will serve more than 500 million users, including 40 million direct customers.

“This transaction is a huge step forward for consumer Cyber Safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely,” said Vincent Pilette, Chief Executive Officer of NortonLifeLock.

“With this combination, we can strengthen our Cyber Safety platform and make it available to more than 500 million users. We will also have the ability to further accelerate innovation to transform Cyber Safety,” he said in a joint statement on Tuesday.