QUOTE AND NEWS
The Economic Times  Mar 31  Comment 
The logistics company is listing its shares on NSE Emerge, the stock exchange’s platform for small and medium enterprises.
The Hindu Business Line  Mar 27  Comment 
Fund subscribes for the entire ₹9.41-cr anchor portion
SeekingAlpha  Mar 7  Comment 
Forbes  Oct 31  Comment 
The cybersecurity industry is in the midst of an M&A wave as larger companies are expanding their product lines via inorganic growth. This has been the case with recent deals such as Symantec and Blue Coat, Avast and AVG, Cisco and CloudLock, IBM...
Reuters  Sep 30  Comment 
Avast Software, maker of the world's most popular computer antivirus program, will need a year to absorb its $1.3 billion buy of rival AVG but may seek further acquisitions before...
TechCrunch  Sep 30  Comment 
 Security firm Avast has today confirmed the completion of a $1.4 billion acquisition of fellow Czech-based antivirus company AVG. The deal will see Avast’s customer base nearly double — swelling from 230 million to more than 400 million in...
Reuters  Sep 16  Comment 
* Extended its previously announced tender offer to purchase all of outstanding ordinary shares of AVG Technologies N.V. for $25
Cloud Computing  Sep 13  Comment 
Lifeboat Distribution has expanded their distribution agreement with AVG Technologies allowing distribution into the North America, Latin America and Caribbean market place. AVG Technologies began their partnership with Lifeboat Distribution i n...




 

AVG Technologies (NYSE:AVG) makes money by providing internet and mobile browser security. The company uses a "freemium" model. This means that users are able to download and use much of the service for free. However, additional services and functionality is given to users though a subscription. Additionally, AVG works with the community to identify and reply to threats as they appear. Some of AVG's services, such as cloud-based storage, sync, and share solutions are not directly linked to internet or mobile security.[1]


Business Overview

AVG's total revenue for the nine months ended in September 2011 was $198M. This resulted in a net income of $100M. The same period in 2010 resulted in $125M in revenue and $48M in net income. The company's single largest expense comes from sales and marketing. [2]

New Updates

The company's initial public offering of stock on the NYSE occurred on February 1, 2012. The company offered 8M shares each for $16. This was at the bottom of the $16-$18 initial price range. The deal raised a total of $128M. The lead mangers of the deal were Morgan Stanley (MS), J P Morgan Chase (JPM), and Goldman Sachs Group (GS).[3]

Trends & Forces

Potential Competition from Large Players

AVG's security software is not associated with any particular platform. However, computer manufactures may bundle their own or one of AVG's competitors security products with the sale of the computer. Microsoft (MSFT) has used this tactic to encourage sales. A similar sales technique could be done by mobile device manufacturers. Without controlling the platform on which it relies, AVG is unable to directly avoid this risk. [4]

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