Tag Archives: AVG
AVG Files For Proposed IPO
AVG, the software company that was founded in 1991 and is known for their anti-virus software, has announced that they have filed a Registration Statement on Form F-1 with the U.S. SEC in connection with a proposed IPO of their ordinary shares. AVG will sell on the New York Stock Exchange with the symbol “AVG.” Morgan Stanley, JP Morgan, and Goldman Sachs will be running the books on the IPO. Co-managers for the IPO include Allen & Company and JMP Securities.
Categories Allen & Company, AVG, JMP Securities, JPMorgan, Morgan Stanley
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AVG Launches Cloud Storage Service Livekive
AVG is an anti-virus company that has launched a new cloud storage service called Livekive. Livekive will compete with Dropbox, Box.net, and many other competitors. Livekive has automated syncing functionality and works on both Apple and Microsoft. All of the encrypted data can be accessed and shared from Android, iPhone, iPad, and iPod touch devices. 5GB storage is free, 25GB is $49.99 per year, and unlimited storage is $79.99 per year. [TechCrunch]
Categories AVG, AVG Livekive
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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
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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
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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
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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
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AVG Buys Out Sana Security, A Behavioral Antivirus Company
Anti-virus company AVG has bought out a company that provides a similar service. Sana Security has built software that detects malicious activity based on behaviors. AVG paid cash to buy out Sana, but did not disclose the dollar amount. Sana’s 14 employees will be working for AVG now.
Various other antivirus companies are looking to make similar approaches to detecting viruses as Sana. Software would monitor how applications and code behave on PCs in order to challenge advancement in malicious viruses. The most common approach to discovering computer viruses is signature-based. Sana’s software can detect when programs start automatically. It is also able to detect 0-day attacks. This is when a hacker exploits flaws in various software programs and is able to penetrate systems through those flaws. “If anything seems out of the ordinary they flag it, they identity it and they stop it,” stated AVG CEO J.R. Smith.
AVG plans on integrating Sana’s software into their own by the end of June. Although behavioral technology won’t be added to the free version of AVG’s antivirus software, they made consider it in the future. Sana was founded in October 2000.
[via PC World]
Categories AVG, J.R. Smith, Sana Security
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