Tag Archives: AVG Technologies

AVG Technologies to Present at J.P. Morgan’s 43rd Annual Technology, Media and Telecom Conference

AVG Technologies to Present at J.P. Morgan’s 43rd Annual Technology, Media and Telecom Conference

AMSTERDAM, May 13, 2015 /PRNewswire/ — AVG® Technologies N.V. (NYSE: AVG), the online security company(TM) for more than 200 million monthly active users, announced today that Gary Kovacs, Chief Executive Officer, will present at the J.P. Morgan 43rd Annual Technology, Media and Telecom Conference.

The presentation will take place on May 19, 2015 at the Westin Boston Waterfront Hotel from 4:10 to 4:40 pm ET.

A webcast of the conference presentation will be available live on the investor relations section of AVG.com and an archived webcast will be available for replay beginning approximately two hours after the live presentation is completed. These links can be found on the investor relations section of the company’s website at http://investors.avg.com.

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About AVG Technologies (NYSE: AVG)

AVG is the online security company providing leading software and services to secure devices, data and people. AVG’s award-winning technology is delivered to over 200 million monthly active users worldwide. AVG’s Consumer portfolio includes internet security, performance optimization, and personal privacy and identity protection for mobile devices and desktops. The AVG Business portfolio – delivered by managed service providers, VARs and resellers – offers IT administration, control and reporting, integrated security, and mobile device management that simplify and protect businesses.

All trademarks are the property of their respective owners.

www.avg.com

Keep in touch with AVG

http://www.twitter.com/AVGfree
http://www.facebook.com/AVG
https://www.linkedin.com/company/28199
http://blogs.avg.com/
http://www.youtube.com/user/officialAVG

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SOURCE AVG Technologies N.V.

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AVG Technologies N.V.

CONTACT: Investor Relations – US: Bonnie Mc Bride, Tel: + 1 415 806 0385, Email: bonnie.mcbride@avg.com, OR Europe: Camelia Isaic, Tel: +420 702 205 848, Email: camelia.isaic@avg.com, IR team email: ir@avg.com, OR Media Relations – US: Deanna Contreras, Tel: +1 415 371 2001, Email: Deanna.Contreras@avg.com, OR Rest of World: Stephanie Kane, Tel: + 44 7817 631016, Email: stephanie.kane@avg.com

Web Site: http://www.avg.com

AVG Technologies Updates Full Year 2015 Guidance

AVG Technologies Updates Full Year 2015 Guidance

Company increases fiscal 2015 forecast to reflect impact of Privax acquisition

AMSTERDAM, May 12, 2015 /PRNewswire/ — AVG® Technologies N.V. (NYSE: AVG), the online security company(TM) for more than 200 million monthly active users, announced today it is updating financial guidance for its fiscal year ended December 31, 2015.

Based on information currently available and in connection with AVG’s recently announced acquisition of Privax, a leading provider of desktop and mobile privacy services for consumers, AVG has increased its financial guidance for the full year 2015 as follows:

Revenue for the year is now
expected to be in the
range of $420 to $440
million, up from previous
guidance of $410 to $430
million.

Non-GAAP adjusted net
income[1] is expected to
remain in the range of
$94.2 million to $99.2
million, or diluted EPS of
$1.80 to $1.90.

GAAP net income is expected
to remain in the range of
$48.9 million to $53.9
million, or $0.93 and $1.03
per diluted ordinary share.
“The acquisition of Privax gives us the ability to immediately provide new and innovative privacy subscription services to our existing world-wide base of more than 200 million users and drive incremental revenues this year,” said Gary Kovacs, AVG’s Chief Executive Officer. “Given our solid track record of quickly accelerating revenue growth through successfully leveraging our acquisitions, we are confident in this improved financial outlook for 2015. As we continue to look at new ways to grow through innovation, collaboration and M&A activities, we remain focused on the bottom line and cash flow, and expect operating margins to remain in line with our longer term model of 30 percent.”

AVG will provide more detail on its recent acquisition of Privax, including updated financial targets, together with executive presentations on the Company’s strategy, product plans, M&A activity and business segment updates at its Analyst Day to be held today, May 12, from 9:55 a.m. to 3:00 p.m. ET.

The event will be available to the public via a live audio webcast at http://investors.avg.com. To listen to the live event and view the corresponding presentations, please go to the website at least 15 minutes early to register, download and install any necessary audio software.

Presentations will begin promptly at 9:55 am ET. A replay of the event, including presentation materials, will be available within 2 hours after the event at the same link.

Use of Non-GAAP Financial Information

This press release contains supplemental non-GAAP financial measures that are not calculated in accordance with U.S. GAAP. These non-GAAP measures provide additional information on the performance or liquidity of our business that we believe are useful for investors.

Adjusted net income, free cash flow and their related ratios are non-GAAP measures and should not be considered alternatives to the applicable U.S. GAAP measures. In particular, adjusted net income and free cash flow, and their related ratios, should not be considered as measurements of our financial performance or liquidity under U.S. GAAP, as alternatives to income, operating income or any other performance measures derived in accordance with U.S. GAAP or as alternatives to cash flow from operating activities as a measure of our liquidity.

Adjusted net income and free cash flow are measures of financial performance and liquidity, respectively, and have limitations as analytical tools, and should not be considered in isolation from, or as substitutes for, analysis of our results of operations, including our operating income and cash flows, as reported under U.S. GAAP. We provide these non-GAAP financial measures because we believe that such measures provide important supplemental information to management and investors about the Company’s core operating results and liquidity, primarily because the non-GAAP financial measures exclude certain expenses and other amounts that management does not consider to be indicative of the Company’s core operating results or business outlook or liquidity. Management uses these non-GAAP financial measures, in addition to the corresponding U.S. GAAP financial measures, in evaluating the Company’s operating performance, in planning and forecasting future periods, in making decisions regarding business operations and allocation of resources, and in comparing the Company’s performance against its historical performance

They do not reflect our cash expenditure or future requirements for capital expenditure or contractual commitments, nor do they reflect the actual cash contributions received from customers; they do not reflect changes in, or cash requirements for, our working capital needs; although amortization and share-based compensation are non-cash charges, the assets being amortized will often have to be replaced in the future and such measures do not reflect any cash requirements for such replacements; and other companies in our industry may calculate these measures differently than we do, limiting their usefulness as comparative measures. Because of these limitations, investors should rely on AVG’s consolidated financial statements prepared in accordance with U.S. GAAP and treat the Company’s non-GAAP financial measures as supplemental information only.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those relating to an expected range of revenue, net income, EPS, non-GAAP adjusted net income and non-GAAP EPS for the fiscal year ending December 31, 2015 and/or future periods, as well as those relating to the future prospects of AVG. Words such as “expects,” “expectation,” “intends,” “assumes,” “believes” and “estimates,” variations of such words and similar expressions are also intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein. Factors that could cause or contribute to such differences include but are not limited to: changes in our growth strategies; changes in our future prospects, business development, results of operations and financial condition; the anticipated costs and benefits of our Location Labs acquisition and other acquisitions; our ability to remediate the material weaknesses and other deficiencies identified in our internal controls or IT systems; our ability to comply with our credit agreements; changes to the online and computer threat environment and the endpoint security industry; competition from local and international companies, new entrants in the market and changes to the competitive landscape; the adoption of new, or changes to existing, laws and regulations; changes in international or national tax regulations and related proposals; the assumptions underlying the calculation of our key metrics, including the number of our active users, revenue per average active user, subscription revenue per subscriber and platform-derived revenue per thousand searches; potential effects of changes in the applicable search guidelines of our search partners; the status of or changes to our relationships with our partners, including Yahoo!, Google and other third parties; changes in our and our partners’ responses to privacy concerns; our ability to successfully exit the third party search distribution business; our plans to launch new products and online services and monetize our full user base; the performance of our products, including AVG Zen; our ability to attract and retain active and subscription users; our ability to retain key personnel and attract new talent; our ability to adequately protect our intellectual property; our geographic expansion plans; the outcome of ongoing or any future litigation or arbitration, including litigation or arbitration relating to intellectual property rights; our legal and regulatory compliance efforts, including with respect to PCI compliance; and worldwide economic conditions and their impact on demand for our products and services. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements.

Further information on these factors and other risks that may affect the Company’s business is included in filings AVG makes with the U.S. Securities and Exchange Commission (SEC) from time to time, including its Annual Report on Form 20-F, particularly under the heading “Risk Factors”.

The financial information contained in this press release should be read in conjunction with the consolidated financial statements and notes thereto to be included in the Company’s reports on Form 6-K and Form 20-F. The Company’s results of operations for the first quarter, ended March 31, 2015 are not necessarily indicative of the Company’s operating results for any future periods.

These documents are available online from the SEC or in the Investor Relations section of the Company’s website at http://investors.avg.com. Information on the AVG website is not part of this release. All forward-looking statements in this press release are based on information currently available to the Company, and AVG assumes no obligation to update these forward-looking statements in light of new information or future events.

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About AVG Technologies (NYSE: AVG)

AVG is the online security company providing leading software and services to secure devices, data and people. AVG’s award winning technology is delivered to over 200 million monthly active users world-wide. AVG’s Consumer portfolio includes internet security, performance optimization, and personal privacy and identity protection for mobile devices and desktops. The AVG Business portfolio – delivered by managed service providers, VARs and resellers – offers IT administration, control and reporting, integrated security, and mobile device management that simplify and protect businesses.

All trademarks are the property of their respective owners.

www.avg.com

Keep in touch with AVG
http://www.facebook.com/AVG
http://www.linkedin.com/groups?gid=2719797
http://blogs.avg.com/
http://www.youtube.com/user/officialAVG

[1] AVG’s expectation of non-GAAP adjusted net income excludes share-based compensation expense, acquisition amortization and certain other adjustments, and assumes a normalized tax rate of 12.5 percent. For the purpose of calculating GAAP diluted EPS and non-GAAP diluted EPS, the Company assumes approximately 52.6 million weighted-average diluted ordinary shares outstanding for the full year.

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SOURCE AVG Technologies N.V.

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AVG Technologies N.V.

CONTACT: Investor Relations: US: Bonnie Mc Bride, Tel: + 1 415 806 0385, Email: bonnie.mcbride@avg.com, IR team email: ir@avg.com, Europe: Camelia Isaic, Tel: +420 702 205 848, Email: camelia.isaic@avg.com

Web Site: http://investors.avg.com

AVG Technologies Expands Security Portfolio with Acquisition of Privax

AVG Technologies Expands Security Portfolio with Acquisition of Privax

Leading global provider of personal privacy services adds to AVG’s mobile and desktop offerings

AMSTERDAM, May 7, 2015 /PRNewswire/ — AVG® Technologies N.V. (NYSE: AVG), the online security company(TM) for more than 200 million monthly active users, announced the acquisition of Privax, a leading global provider of desktop and mobile privacy services for consumers. With the acquisition, AVG will add Privax’s HMA! Pro VPN to its existing portfolio of security software and services that will be immediately made available to AVG’s global customer base.

Privax has more than 250,000 paying subscribers worldwide using its VPN encryption service, while its popular free web-based browser proxy service regularly attracts a global audience of over eight million unique visitors per month. The acquisition of Privax further strengthens AVG’s expanding mobile security offerings by providing a proven, privacy subscription service that is available immediately and will also be integrated into future AVG products including AVG Zen.

“Privacy is the new currency of the digital era, particularly as the Internet population is expected to double over the next five years,” said Gary Kovacs, Chief Executive Officer, AVG Technologies. “As we connect through more and more devices, our privacy is becoming increasingly violated. At AVG, we fundamentally believe that it is a user’s choice of how and when to share their private information. With this acquisition, we will immediately be able to provide new and innovative privacy and security services to hundreds of millions of users world-wide.”

Privax leading solutions will continue to be made available directly from Privax and additionally with our proven track record we will distribute through AVG’s consumer and SMB channels.

“Our mission at HMA! has always been to be the go-to tool for anyone who wants to surf the web freely, privately and securely. I’m incredibly proud that our service has done just that, and has been used by tens of millions of people all over the world,” said Jack Cator, Founder and Chief Executive Officer, Privax. “We are thrilled to be teaming up with AVG Technologies to help us accelerate our ambition to be the biggest and best privacy company in the world.”

Under the terms of the agreement, AVG paid $40 million and will pay up to an additional $20 million in cash consideration one year after closing based on the achievement of certain performance metrics and milestones. AVG will present additional financial details at the upcoming Analyst Day at the NYSE on May 12(th).

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About AVG Technologies (NYSE: AVG)

AVG is the online security company providing leading software and services to secure devices, data and people. AVG’s award winning technology is delivered to over 200 million monthly active users world-wide. AVG’s Consumer portfolio includes internet security, performance optimization, and personal privacy and identity protection for mobile devices and desktops. The AVG Business portfolio – delivered by managed service providers, VARs and resellers – offers IT administration, control and reporting, integrated security, and mobile device management that simplify and protect businesses.

All trademarks are the property of their respective owners.

www.avg.com

SOURCE AVG Technologies N.V.

Photo:http://photos.prnewswire.com/prnh/20120306/SF65434LOGO http://photoarchive.ap.org/
AVG Technologies N.V.

CONTACT: Investor Relations, US: Bonnie Mc Bride, + 1 415 806 0385, bonnie.mcbride@avg.com, IR team email: ir@avg.com, or Europe, Camelia Isaic, Tel: +420 702 205 848, camelia.isaic@avg.com; or Media Relations, US: Deanna Contreras, Tel: +1 415 371 2001, Deanna.Contreras@avg.com, or Rest of World: Stephanie Kane, + 44 7817 631016, stephanie.kane@avg.com, Press information: http://now.avg.com, Keep in touch with AVG

Web Site: http://www.avg.com

AVG Acquires Privax, a Global Leader in Personal Privacy Solutions

AVG Acquires Privax, a Global Leader in Personal Privacy Solutions

Company continues to expand security portfolio for mobile and desktop customers

AMSTERDAM, May 6, 2015 /PRNewswire/ — AVG® Technologies N.V. (NYSE: AVG), the online security company(TM) for more than 200 million monthly active users, today announced the acquisition of Privax, a leading global provider of desktop and mobile privacy services for consumers. With the acquisition, AVG will add Privax’s HMA! Pro VPN to its existing portfolio of security software and services that will be immediately made available to AVG’s global customer base.

Privax has more than 250,000 paying subscribers worldwide using its VPN encryption service, while its popular free web-based browser proxy service regularly attracts a global audience of over eight million unique visitors per month. The acquisition of Privax further strengthens AVG’s expanding mobile security offerings by providing a proven, privacy subscription service that is available immediately and will also be integrated into future AVG products including AVG Zen.

“Privacy is the new currency of the digital era, particularly as the Internet population is expected to double over the next five years,” said Gary Kovacs, Chief Executive Officer, AVG Technologies. “As we connect through more and more devices, our privacy is becoming increasingly violated. At AVG, we fundamentally believe that it is a user’s choice of how and when to share their private information. With this acquisition, we will immediately be able to provide new and innovative privacy and security services to hundreds of millions of users world-wide.”

Privax leading solutions will continue to be made available directly from Privax and additionally with our proven track record we will distribute through AVG’s consumer and SMB channels.

“Our mission at HMA! has always been to be the go-to tool for anyone who wants to surf the web freely, privately and securely. I’m incredibly proud that our service has done just that, and has been used by tens of millions of people all over the world,” said Jack Cator, Founder and Chief Executive Officer, Privax. “We are thrilled to be teaming up with AVG Technologies to help us accelerate our ambition to be the biggest and best privacy company in the world.”

Under the terms of the agreement, AVG paid $40 million and will pay up to an additional $20 million in cash consideration one year after closing based on the achievement of certain performance metrics and milestones. AVG will present additional financial details at the upcoming Analyst day at the NYSE on May 12(th).

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About AVG Technologies (NYSE: AVG)

AVG is the online security company providing leading software and services to secure devices, data and people. AVG’s award winning technology is delivered to over 200 million monthly active users world-wide. AVG’s Consumer portfolio includes internet security, performance optimization, and personal privacy and identity protection for mobile devices and desktops. The AVG Business portfolio – delivered by managed service providers, VARs and resellers – offers IT administration, control and reporting, integrated security, and mobile device management that simplify and protect businesses.

All trademarks are the property of their respective owners.

www.avg.com

Keep in touch with AVG
Twitter
Facebook
LinkedIn
Blogs
YouTube

SOURCE AVG Technologies N.V.

Photo:http://photos.prnewswire.com/prnh/20120306/SF65434LOGO http://photoarchive.ap.org/
AVG Technologies N.V.

CONTACT: Investor Relations: US: Bonnie Mc Bride, Tel: + 1 415 806 0385, Email: bonnie.mcbride@avg.com, IR team email: ir@avg.com; or Europe: Camelia Isaic, Tel: +420 702 205 848, Email: camelia.isaic@avg.com; or Media Relations: US: Deanna Contreras, Tel: +1 415 371 2001,Email: Deanna.Contreras@avg.com; or Rest of World: Stephanie Kane, Tel: + 44 7817 631016, Email: stephanie.kane@avg.com

Web Site: http://www.avg.com

AVG Technologies to Host Analyst Day

AVG Technologies to Host Analyst Day

Company to host Analyst Day on May 12, 2015 at the New York Stock Exchange; Reinforces commitment to investor community, appointing Bonnie McBride to VP, Investor Relations, and Camelia Isaic, to Manager, Investor Relations

AMSTERDAM, May 5, 2015 /PRNewswire/ — AVG® Technologies N.V. (NYSE: AVG), the online security company(TM) for more than 200 million active users, today announced that as part of its ongoing efforts to increase visibility and awareness on Wall Street, it will be hosting an Analyst Day on May 12, 2015 at the New York Stock Exchange. In addition, the Company announced that it has brought the IR function in-house with the appointments of two investor relations professionals, a Vice President and a Manager of investor relations, who will now enable investor response and outreach in multiple time zones.

“AVG has successfully completed a major transition in the market, with a heightened focus on growing our more predictable and sustainable subscription revenues,” said John Little, Chief Financial Officer of AVG. “Now that this vision is becoming a reality, as evidenced by our recently announced financial results, we are aligning our efforts to engage the investment community and provide increased access to people and information, ensuring that we remain our focused on maximizing shareholder value.”

AVG ANALYST DAY PROGRAM AGENDA (EST)

9:00 – 9:55 Informal Breakfast & Registration All

9:55 – 10:00 Introduction Bonnie McBride, VP IR

10:00 – 11:00 Strategic Update Gary Kovacs, CEO

11:00 – 11:45 Technology Update Todd Simpson, CSO

Consumer & SMB live demo Tony Anscombe, VP Compliance

11:45 – 12:30 Consumer Business Update David Ferguson, SVP Revenue & Business Operations

Tasso Roumeliotis, CEO Location Labs

12:30 – 1:30 Buffet Lunch All

1:30 – 2:00 M&A and Innovation Mike Foreman, GM AVG Business

2:00 – 2:30 Strategic Opportunities Todd Simpson, CSO

2:30 – 3:00 Financial Update John Little, CFO

3:00 – 3:15 Closing Remarks Gary Kovacs, CEO
Interested professional investors are strongly encouraged to attend this informative event that will showcase senior executive staff, including the CEO of Location Labs, provide more detail on innovation and M&A activity, and demonstrate the Company’s latest product concepts. To register, please click here.

In connection with these activities, the Company also announced that it has strengthened its Investor Relations program with the appointment of experienced IR professionals, Bonnie McBride and Camelia Isaic. McBride has over 15 years experience in driving and leading strategic Investor Relations programs for companies such as Zoran Corporation, Tibco Software, E*Trade Financial, Symantec Corp., and Cirrus Logic, Inc., among many others. As Vice President, Investor Relations for AVG, McBride is based in San Francisco.

Isaic has assumed the role of Manager, Investor Relations, and is based in Prague, Czech Republic. Isaic bring with her extensive experience in representing public companies, primarily in the telecommunications and real-estate sectors.

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About AVG Technologies (NYSE: AVG)

AVG is the online security company providing leading software and services to secure devices, data and people. Over 202 million active users, as of March 31, 2015, use AVG´s products and services. AVG’s Consumer portfolio includes internet security, performance optimization, and personal privacy and identity protection for mobile devices and desktops. The AVG Business portfolio – delivered by managed service providers, VARs and resellers – offers IT administration, control and reporting, integrated security, and mobile device management that simplify and protect businesses.

All trademarks are the property of their respective owners.
www.avg.com

Press information: http://now.avg.com

Keep in touch with AVG
Twitter
facebook
LinkedIn
Blogs
YouTube

SOURCE AVG Technologies N.V.

Photo:http://photos.prnewswire.com/prnh/20120306/SF65434LOGO http://photoarchive.ap.org/
AVG Technologies N.V.

CONTACT: US: Bonnie Mc Bride, Tel: + 1 415 806 0385, Email: bonnie.mcbride@avg.com, IR team email: ir@avg.com, Europe: Camelia Isaic, Tel: +420 702 205 848, Email: camelia.isaic@avg.com, Media contacts: US: Deanna Contreras, Tel: +1 415 371 2001, Email: Deanna.Contreras@avg.com, Europe: Stephanie Kane, Tel: + 44 7817 631016, Email: stephanie.kane@avg.com

Web Site: http://www.avg.com