Dutch antivirus firm AVG buys US mobile security outfit Location Labs for $220M

Gigaom

The Czech-founded, Amsterdam-based security operation AVG Technologies already has a mobile presence, with antivirus and anti-theft apps for Android, but the company is best-known for its desktop products. That may change – the firm said on Wednesday that it will shell out a whopping $220 million for U.S. mobile security company Location Labs.

[company]Location Labs[/company] has deals with all the big U.S. carriers, and it comes with over a million paying customers. AVG itself already has 182 million active users — with 85 million using its mobile apps — though the majority of those will be using its popular free products.

According to a statement, AVG expects the combined business to pull in $60-70 million in mobile business next year, and around $100 million in 2016, with a hoped-for combined user base of around 250 million people.

“Location Labs has effectively cracked the code for mobile monetization through its…

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