Tag Archives: AVG Technologies
AVG Receives $235 Million As Part of Financing Deal
AVG Technologies has entered a credit agreement with JP Morgan and Morgan Stanley. The company has secured a five-year term loan for $235 million in their first capital markets transaction. AVG said that the financing will give them resources to realize strategic growth opportunities. AVG was founded in 1991 and their anti-virus software is used by over 110 million consumers and small businesses. [TechCrunch]
Categories AVG, AVG Technologies, JPMorgan, JPMorgan Chase and Co., Morgan Stanley
Leave a comment
AVG Technologies Acquires DroidSecurity For $4.1M Plus $5.3M Earnout
AVG Technologies, a popular anti-virus software company has acquired security app developer company DroidSecurity in a deal that is valued at $4.1 million with a $5.3 million earnest. Israeli based DroidSecurity is being sold by Maayan Ventures, who owns 39% of the Android security software company. A group of private investors also had ownership in DroidSecurity. Maayan had only invested $100,000 in the company and DroidSecurity also received a $500,000 grant from the Office of the Chief Scientist’s Incubator Program. DroidSecurity sells free and paid apps to secure Android smartphones and tablets. They saw about 4.5 million downloads of their apps so far. [moConews]
Categories AVG, AVG Technologies, DroidSecurity
Leave a comment
AVG Integrating Anti-Virus Service Into P2P Company LimeWire
P2P sharing network LimeWire has been notorious for serving viruses and Trojan horses within search results. To alleviate this issue, LimeWire has signed a deal with AVG earlier this week to encourage people to sign up for a Pro account. Downloads made by LimeWire Pro users will be scanned by AVG going forward. Currently LimeWire has about 50 million users worldwide. [CNET]
Categories AVG, AVG Technologies, LimeWire
Leave a comment
AVG Launches New Feature That Scans Shortened URLs
AVG Technologies, the company behind the very popular anti-virus scanning software has launched a new feature. This new feature is extremely handy for those who are active on Twitter. Twitter messages often contain short URLs, but it is unpredictable which ones have links to viruses and which ones don’t.
AVG’s LinkScanner scans websites as you browse them to make sure that malway is not contained in them. If there is malware, the Internet user is blocked from revisiting the website. Twitter themselves use the Google Safe Browsing API to check websites that Google has blacklisted to make sure that there aren’t any short URLs connected to them. Twitter deletes the post immediately after detecting the malware-contained short URL.
AVG’s LinkScanner service track the malware websites in real-time. Short URLs are scanned by LinkScanner which can find bad links within GMail, Digg, MySpace and Bebo.
Categories AVG, AVG LinkScanner, AVG Technologies
Leave a comment
TA Associates Invests $200 Million In AVG Technologies For 25% Equity
TA Associates is a private equity firm that has offices in Boston, Menlo Park, Mumbai and London. The company manages about $16 billion in capital. Recently the company bought 25% ownership in AVG Technologies, the company behind one of the most useful anti-virus software programs in the world. The 25% ownership cost TA $200 million.
The equity was purchased from AVG shareholders Enterprise Investors, Benson Oak Capital, and Intel Capital. AVG was founded in 1991 and has about 80 million users across 167 countries. In 2008, AVG had revenues of about $140 million. The investment in AVG will be used to fund expansion globally and add-on deals.
AVG and Yahoo! already have some sort of partnership where Yahoo.com is the default search for the AVG toolbar. Back in 2005, Intel and Enterprise invested $52 million in AVG whe n the company had about 25 million users.