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German security firm Avira has been acquired by Investcorp at a $180M valuation

Mergers and acquisitions largely grinded to a halt at the end of March, in the wake of the coronavirus pandemic spreading around the world, but today comes news of a deal out of Europe that underscores where pockets of activity are still happening. Avira, a cybersecurity company based out of Germany that provides antivirus, identity management and other tools both to consumers and as a white-label offering from a number of big tech brands, has been snapped up by Investcorp Technology Partners, the PE division of Investcorp Bank. Investcorp’s plan is to help Avira make acquisitions in a wider security consolidation play.The financial terms of the acquisition are not being disclosed in the companies’ joint announcement, but the CEO of Avira, Travis Witteveen, and ITP’s MD, Gilbert Kamieniecky, both said it gives Avira a total valuation of $180 million. The deal will involve ITP taking a majority ownership in the company, with Avira founder Tjark Auerbach retaining a “significant” stake …

Microsoft Teams goes down as many switch to remote working

Online learners and workers will have to deal with a Microsoft Teams outage to start their week.

What you need to know

  • Microsoft Teams is down for many people across Europe.
  • The outage is at a bad time since many people will work from home this week due to coronavirus.
  • Microsoft is investigating the issue.

Microsoft Teams is down for many users across Europe. The Microsoft 365 Status Twitter account posted about the outage early this morning, stating that Microsoft is investigating messaging-related functionality problems. According to Downdetector the issues are primarily in Europe, though there are are few areas in North America, Africa, and Asia with issues.

No outage is good for an online service, but this one has particularly bad timing because many people will work from home this week due to coronavirus (COVID-19). Many people plan to work from home this week to reduce the risk of spreading the virus, including online workers, educators, and students. The Verge points out that some schools in the Netherlands asked students to use Microsoft Teams today to ask digital questions.

Microsoft Teams will likely receive heavy usage this week due to remote working and education, so Microsoft will have to make sure the service can handle the increased workload. There's a chance that the current outage is caused by increased demand for the service, though Microsoft has not stated the cause of the outage at this time. We'll update this article with any details Microsoft reveals on the current outage.

This is the second major outage for Microsoft Teams this year, though the first one happened because Microsoft forgot to renew an SSL security certificate.



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