Grisoft to acquire Exploit Prevention Labs

Security provider, Grisoft, announced plans to acquire Australian Exploit Prevention Labs, a developer of safe surfing technology that protects Internet users against malicious web sites and drive-by downloaded exploits.

The acquisition will allow Grisoft to leapfrog the safe surfing initiatives of other anti-virus vendors, who have focused on database-driven approaches that are incompatible with the dynamic, elusive nature of these threats. Grisoft has grown rapidly over the last few years to become the world’s fourth largest vendor of anti-virus SW measured by an installed user base.

Initial investment in 2005, Intel Capital has provided technical assistance and introduced customers to Grisoft. Grisoft and Exploit Prevention Labs will combine their threat research operations, providing research centers on 3 continents (North America, Australia, and Europe) offering AVG users the benefit of around-the-clock malware research 365 days a year.

Founded in 1991 and headQed in Brno, the Czech Republic, Grisoft is a developer of anti-virus, firewall protection and Internet security solutions. The company’s products are distributed globally through its 12,000 resellers including AVG in Melbourne.