November 7, 2014 / 12:37 AM / in 3 years

Security software maker AVG approached by possible buyers: WSJ

(Reuters) - AVG Technologies NV AVG.N has been approached by potential buyers amid a wave of deals for security-software makers, The Wall Street Journal reported on Thursday, citing people familiar with the matter.

An AVG logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 9, 2012. REUTERS/Sean Gardner

There is no formal sale process, but should there be a deal, it would likely come together in the coming months, according to the report.

Amsterdam-based AVG Technologies provides software that neutralizes viruses and spams and provides internet security.

Private-equity firms have been increasing their bets on security-focused technology providers, WSJ reported

AVG could not be reached immediately for comment.

Reporting by Rosmi Shaji in Bangalore

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