Avast completed the acquisition of Evernym.

Avast,a consumer cybersecurity company, completed the acquisition of Evernym, a verifiable credential technology provider. Financial terms were not disclosed. “Consumer trust in the online world has been critically compromised. Over 60% of the world’s population has internet access today yet we don’t have adequate provisions in place for these people to prove who they are online. The result is that identity theft, online fraud and account takeovers are growing rapidly, as does digital tracking and surveillance. Our vision for digital freedom is to enable people to manage and retain control over their personal data so that they can interact and transact safely, privately and with confidence. Adding Evernym’s groundbreaking, self-sovereign identity technology to our offering enables us to address this area and is a huge step forward in the realization of our decentralized, portable model,” Ondrej Vlcek, Avast CEO.