Feeds

Avecho sells business to Stylish

Controversial anti-virus tech lives on

The Essential Guide to IT Transformation

The assets and business of controversial UK-based anti-virus vendor Avecho Group, which went into administration last month, has been sold to a new firm, Stylish Limited. Financial terms of the deal were not disclosed.

Avecho slipped into administration on 2 December, barely three years since the business was founded. The Essex-based firm created waves by claiming that its technology offered absolute protection against malware. Its methods were always a closely guarded secret. Competitors were dismissive, claiming that Avecho's systems cropped files such as PDF attachments that made it unsuitable for enterprises, a criticism partially borne out by our otherwise favourable review of its service.

Approximately 500 SME customers bought Avecho's technology as a managed service. Its claims about the capabilities of its technology were never disproved. More importantly for its financial health, Avecho's attempts to license its technology to the likes of Microsoft and Cisco were frustrated by an insistence on secrecy. Microsoft UK, for example, insisted on knowing how Avecho's technology worked before engaging in any serious dialogue with the firm.

A former strategic advisor to the firm told El Reg that as late as December 2004 it was still official policy not to file for patents because it did not have the money to defend them. Contradicting this, Avecho's founders claimed that though they had patents, they did not have the resources to defend their intellectual property in court.

A spokeswoman for administrators Smith & Williamson said it was unable to comment on the financial difficulties that led up to Avecho's collapse into administration since it was in the process of compiling a report on the firm's finances. "We're compiling a report which will be made public prior to a creditor's meeting," she said.

Users of the Avecho's service were informed that email retrieval will be limited from seven years down to two months following the service's relaunch on 6 January. Avecho's email delivery service was largely uninterrupted during its period in administration but services available via its web-site (such as email retrieval, account configuration and web-based email) have been severely limited. ®

Build a business case: developing custom apps

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
'Things' on the Internet-of-things have 25 vulnerabilities apiece
Leaking sprinklers, overheated thermostats and picked locks all online
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.