[Singapore] – [1st July 2017] – UCloud Asia Pte Ltd today announced it had signed a definitive agreement to acquire AVG Security (Asia-Pacific) (www.avgsecurity.biz), a Singapore Company providing IT Security solution and services. AVG Security (Asia-Pacific) is a leading supplier of Internet Security, Computer Security, VOIP, Surveillance, Data Security, Data Recovery, System Recovery, Anti-Virus, Anti-Spam, Anti-Spyware products and professional value-added services for the global market. We have successfully expanded our market penetration throughout Europe, North America, Latin America, the Middle East and the Asia-Pacific region. The agreement combines the strengths of UCloud Asia Pte Ltd and AVG Security (Asia-Pacific), by leveraging UCloud Asia Pte Ltd's global network and resources and AVG Security (Asia-Pacific)'s 7 years of IT Security industry expertise to deliver an unparalleled Internet experience to local consumers.
"AVG Security (Asia-Pacific)'s seasoned management team has done a fantastic job of building a robust and successful operation that provides IT Security solutions and services to SMEs in Singapore,” said Steven Chin, UCloud Asia Pte Ltd’s Director. “UCloud Asia Pte Ltd and AVG Security (Asia-Pacific) share a strong consumer focus, and the combination of the companies’ global and local strengths will help deliver a richer and more comprehensive experience to customers. We look forward to bringing together the two companies to offer the best of the IT security and Endpoint solutions.”
“By teaming up with one of the leading global Internet companies, AVG Security (Asia-Pacific) can leverage UCloud Asia Pte Ltd’s global network and vast resources to enhance its presence and impact a larger audience locally as well as worldwide,” said Steve Tan, CEO of AVG Security (Asia-Pacific). “We are pleased to combine our strengths to meet the demands of the marketplace – delivering Managed Services to SMEs in need to outsource their IT operation to focus on their core business activities.”
UCloud Asia Pte Ltd will bring forward more than 40 years in IT Managed Service, helping SMEs to digitalise their business processes. SMEs in Singapore will benefit from the vast experience of UCloud Asia Pte Ltd to help them fully transform digitally.
Under the terms of the agreement, UCloud Asia Pte Ltd will help AVG Security (Asia-Pacific) expand into Managed Cloud Services.
AVG Security (Asia-Pacific) established in the year 2008 serving SMEs in the region.
About UCloud Asia Pte Ltd
Ucloud Asia Pte Ltd is an IT Managed Service Provider (MSP) that provides Cloud Managed Service across Asia.
UCloud Asia Pte Ltd headquartered in Singapore. Website: www.ucloud.sg