AMSTERDAM--(BUSINESS WIRE)--AVG Technologies, one of the most popular providers of computer security software, announced today that TA Associates, a leading growth private equity firm, has made a substantial investment in the company. TA Associates, which has funded companies such as BMC Software, Cadence Design and McAfee, has bought a minority stake in AVG Technologies from its current shareholders, having paid more than $200 million for the stake. The deal will add another minority investor to the current ownership of AVG Technologies, which also includes investments from Enterprise Investors, Benson Oak Capital and Intel Capital. In addition, as a result of the funding, two representatives from TA will join the company’s board of directors.

“This is a major stake in the ground for AVG at a pivotal time in the marketplace,” said JR Smith, CEO of AVG Technologies. “In the coming months, AVG will be moving forward with landmark small business and consumer offerings – this investment positions our company nicely for continued growth.”

“TA Associates sees strong market potential in AVG, which has grown dramatically in the past few years and made some very strategic acquisitions such as its LinkScanner and behavioral technology,” said Jonathan Meeks, a Managing Director of TA Associates who will join AVG’s board of directors. “With more than 80 million users, award-winning offerings and several new technologies in the works, AVG is rapidly assuming a global leadership role in the security software industry. We believe our investment will be key to taking AVG from an important mid-size contributor to a true market force, both through organic growth and acquisitions.”

About AVG Technologies

www.avg.com

About TA Associates

www.ta.com

About Enterprise Investors

www.ei.com.pl

About Benson Oak Capital

www.bensonoakcapital.com

About Intel Capital

www.intelcapital.com