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...
Automotive World  Aug 23  Comment 
AVG Technologies N.V. (NYSE: AVG), the online security company™, announced that, during an extraordinary general meeting of shareholders (EGM) held today, AVG’s general meeting adopted the proposed resolutions relating to the previously...
Automotive World  Aug 8  Comment 
AVG Technologies N.V. (NYSE: AVG), the online security company™ providing leading software and services to secure devices, data and people, today reported results for the second quarter ended June 30, 2016. Revenue for the second quarter of...
Automotive World  Aug 2  Comment 
AVG® Technologies N.V. (NYSE: AVG), the online security company™ for devices, data and people, today announced the availability of AVG Family Graph™ to Tigo mobile customers in Latin America, released as Ubícame por AVG in Guatemala....


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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