AVG Technologies to acquire DroidSecurity

AVG Technologies announced the acquisition of Tel Aviv-based DroidSecurity, a company focused on protecting smartphones, tablets and other devices running on Android.

In October 2010, DroidSecurity’s mobile security app, antivirus free, surpassed the 4.5 million download milestone, making it one the most popular security applications on the Android platform.

This milestone reflects important trends taking place in the mobile security arena, including the security consciousness of Android users, the explosive growth of the Android marketplace, and an exceptionally strong user demand for mobile security.

Of the 100,000+ apps currently available on the Android market, DroidSecurity antivirus free consistently ranks in the top 50 of most popular apps.

According to company estimates, over 4.5 million Android mobile devices have downloaded DroidSecurity, making DroidSecurity among the largest and fastest growing providers of anti-virus apps for the Android market and among the fastest growing apps today.

Upon completion of the transaction, DroidSecurity will become a wholly-owned subsidiary of AVG and will continue to be headquartered in Tel Aviv, Israel. CEO and co-founder, Eran Pfeffer, will become the general manager of AVG’s Mobile Solutions Team (MST).