Intel Capital invests in Czech security firm

Intel Capital said on Tuesday that it has invested $16 million to obtain an undisclosed stake in Grisoft, a Czech security software maker. The investment, Intel Capital's largest in Central and Eastern Europe, is to help Grisoft expand in small-business and consumer markets, according to an Intel statement. Grisoft sells computer security software under the AVG product name. The software is used on more than 25 million computers and sold through resellers and online, according to Intel.

Intel Capital is the venture investment arm of Intel. It has invested more than $4 billion in approximately 1,000 companies since 1991. Last year, Intel Capital invested more than $130 million in about 110 deals, with approximately 40 percent of its investments made outside of the United States, according to the statement.

[Dachi]

Bummer

I like grisoft AVG and free-av.com's AntiVir because they are not scareware. My GF's PC has Norton on it and it runs like 10 processes when the OS boots, McAfee is just as bad.

I am tired of having to calm people down after Norton, McAfee and ZoneLabs try to scare them into a spending spree and I have sent them to grisoft and free-av.com for a while now.

With a 16 million dollar investment I am afraid Grisoft will turn into something more like Symantec and aquire the same bloated scareware profit tactics.

This is why I want to see Microsoft enter this sector, they don't have the same motive to scare the bajeezus out of people.

"Scareware Pro has Blocked an attempt to Hack you with the Sub Seven trojan" = "Blocked harmless SYN packet headed for closed port anyway"