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TA Associates buys stake in AVG Technologies

Boston Globe Business Team
Monday, October 5, 2009

TA Associates, a private equity firm with offices in Boston, said it has paid more than $200 million for a minority stake in AVG Technologies, a company focused on providing home and business computer users with comprehensive and proactive protection against computer security threats.

AVG Technologies is based in Amsterdam, with US operations headquartered in Chelmsford. Of the company's roughly 550 employees, nearly 60 are in Chelmsford, a spokesman for TA Associates said.

“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," Jonathan Meeks, a managing director of TA Associates, said in a statement.

Meeks will join AVG’s board of directors, TA said. (Globe Staff)

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