Company Profile
Gen Digital Inc. Basic Information, Manufacturing Base, Sales Area, and Competitors
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Sr. No. |
Item |
Description |
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1 |
Company Name |
Gen Digital Inc. (Avast) |
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2 |
Website |
www.gendigital.com |
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3 |
Established Date |
1982 |
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4 |
Headquartered |
United States |
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5 |
Market Position/ History |
Gen Digital Inc. was founded in 1982 by Gary Hendrix. The company is co-headquartered in Tempe, Arizona, and Prague, Czech Republic. The company was formerly known as NortonLifeLock Inc. and changed its name to Gen Digital Inc. in November 2022. Its brand Avast acquired self-sovereign identity firm Evernym in December 2021. The company’s solutions protect over 500 million users in more than 150 countries globally. The company provides solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. |
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6 |
Sales Area |
Worldwide |
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7 |
Ticker |
NASDAQ: GEN |
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8 |
No. of Employees |
3,700 employees |
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9 |
Competitors |
ArcBlock, Inc, Blockpass, Metadium Technology, Inc., Ping Identity Corporation, Wipro, KYC-Chain, Danube Tech, Microsoft |
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10 |
CEO |
Vincent Pilette |
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11 |
Ownership Type |
Public |
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12 |
Contact Information |
60 East Rio Salado Parkway, Suite 1000, Tempe, AZ 85281, United States Tel: 650 527 8000 |
Business Segment/ Overview:
Gen Digital Inc. is a software company based in Arizona, U.S. and it provides cybersecurity software and services. The company owns several brands such as Norton, Avast, LifeLock, Avira, AVG, ReputationDefender & CCleaner. It provides real-time protection against malware, viruses, adware, and other online threats for PCs, Macs, and mobile devices through security and performance products. Additionally, Norton and LifeLock's identity theft protection solution offers monitoring, alerts, and restoration services to its clientele. Additionally, the company offers the Dark Web Monitoring product, which searches the Dark Web for its members' personal information; Avast Secure Identity, which offers sophisticated identity protection along with credit monitoring and alerts; LifeLock Home Title Protect, which identifies fraudulent activity and notifies members; and Norton Social Media Monitoring, which keeps users' social media accounts safer by keeping an eye out for account takeovers, suspicious activity, and inappropriate content.
Furthermore, it provides an encrypted data tunnel through its VPN solution, which improves security and privacy online; Norton Privacy Monitor Assistant, an on-demand white glove service where agents assist members in removing personal information from online data brokers; Avira Security, a consumer-focused cybersecurity and privacy portfolio; AntiTrack product, which aids in protecting private browsing activity and personal information by obstructing trackers and hiding digital fingerprints online; and Online Reputation Management solution, which oversees personal branding, digital privacy, and online search results.
The company markets and sells its goods and related services through merchants, telecom service providers, hardware OEMs, employee benefit providers, and e-commerce platforms.
Self Sovereign Identity Product Types Specification
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Product |
Product Description |
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Self-sovereign identity |
Implemented properly, distributed ledger technology (DLT, sometimes referred to as “blockchain”) can remove reliance on centralized silos, enabling the revolutionary power of self-sovereignty. Implemented in a proprietary manner, DLT behaves similar to a traditional database where one entity retains pull-the-plug and change-the-rules authority. This model still has the fundamental problems of siloed identity, which created the identity mess in the first place. TRUE SELF-SOVEREIGNTY Any person, organization, or thing can actually own their digital identity – not just control it – independent from any silo. TRUST Any person, organization, or thing can instantly verify the authenticity of “claims,” including who (or what) something claims to be. PRIVACY Complete control of how, what and when information is shared, without added risk of correlation and without creating troves of breachable data. |
Recent Developments:
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Year |
Latest News |
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December 2021 |
Avast Acquired Self-Sovereign Identity Firm Evernym Consumer cybersecurity giant Avast (LSE: AVST) has acquired self-sovereign identity (SSI) company Evernym for an undisclosed amount, Avast. The acquisition expands the company’s decentralized, portable model capabilities. |
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Profile Details
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Author Kalyani Raje
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Published 03 Jun 2024
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Last Updated 03 Jun 2024
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Reading Time~5 minutes
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CoverageSWOT, Financials, Key Employees, History
Table of Contents
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- 1.1 About Gen Digital Inc.
- 1.2 Key Facts
- 1.3 Key Employees
- 1.3.1 Key Employee Biographies
- 1.4 History
- 1.5 Locations & Subsidiaries
- 1.5.1 Head Office
- 1.5.2 Other Locations & Subsidiaries
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- 2.1 Company Overview
- 2.2 Business Segments
- 2.3 R&D Overview
- 2.4 Brands
- 2.5 Key Company Statistics
- 2.6 Key Financials (2015–2019)
- 2.7 Share Holder Analysis
- 2.8 Regional Presence
- 2.9 Services Offered
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- 3.1 Strengths
- 3.2 Weaknesses
- 3.3 Opportunities
- 3.4 Threats
- 3.5 Key Competitors
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- 4.1 Company Metrics
- 4.2 Key Investors
- 4.3 Recent Funding & Valuation
- 4.4 Historical Funding & Valuation
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- 5.1 Acquisitions
- 5.2 Partnerships
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- 6.1 Latest News & Announcements
- 6.2 Strategic Initiatives
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- 7.1 Summary of Findings
- 7.2 Strategic Recommendations
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