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All third party trademarks are the property of their respective owners. Czech multinational cybersecurity software company headquartered in Prague, Czech Republic. At the time, AVG was the third-ranked antivirus product. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Avast was founded by Eduard Kučera and Pavel Baudiš in 1988.
The founders met each other at the Research Institute for Mathematical Machines in Czechoslovakia. The cooperative was changed to a joint partnership in 1991, two years after the velvet revolution caused a regime change in Czechoslovakia. By 2001, Alwil was experiencing financial difficulties, when it converted to a freemium model, offering a base Avast software product at no cost. As a result of the freemium model, the number of users of the software grew to one million by 2004 and 20 million by 2006.