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AVG

Parents failing to educate children on Internet dangers

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LONDON, 3 JULY, 2015 – In today’s ever-connected world, online dangers can present themselves around every virtual corner. As the third annual Child Internet Safety Summit commences, AVG® Technologies N.V. (NYSE: AVG), the online security company™ for more than 200 million monthly active users, has released new research revealing the extent of children’s exposure to inappropriate content online, and the conflicting views and concerns of their parents.

The findings reveal that more than a third (35%) of UK children have encountered dangers online while at home – a figure that rises to 40% among tech-savvy ‘tweens’.

Despite this reality, a quarter (24%) of all parents have no plans to educate their children about online risks – and this is particularly the case for those with older children, rising to one in four (39%) parents with 10-12 year olds, and two thirds (62%) of parents with 13-16 year olds.

When asked why, two in five (44%) parents believe their child is sensible enough to know what to avoid online, 22% think it will just be too awkward to discuss, and one in seven (14%) simply don’t think it’s necessary.

These startling findings highlight the growing need to educate both children and parents about the threats that lurk online.

 

Tony Anscombe, Senior Security Evangelist at AVG Technologies, explains: “No matter how tech-savvy today’s children are, nor how ‘technophobic’ their parents think they are, it’s important not to forget that they are still just kids. As with any other life lessons, children look to parents for guidance; and in turn, it is their responsibility to teach them good from bad.

The findings of this research prove exactly that. By assuming children know best, simply because they have grown up around technology, parents are opening up their children to online dangers – and a significant amount are falling victim to them in some form. It’s only through parents educating themselves and their children about these dangers that we’ll start to reduce the number of children exposed to inappropriate content online.”

The study also sheds light on where parents see their child’s digital habits being influenced. The vast majority (88%) say school friends and teachers play the biggest combined role, while over a quarter (26%) say friends from outside of school are also key influencers.

With 40% of parents most concerned for their child’s online safety when they are away from home, these findings highlight how they could be overlooking the online dangers within the home. While parents are rightly conscious of letting their children surf the web outside of the family environment, the findings suggest they may be too quick to shift the blame, for children encountering dangers online, onto these outside influencers, rather than shoulder it themselves.

 

Julia Bradbury, TV presenter and mother of three, comments: “As a parent, I’m increasingly conscious of keeping my children safe from all the risks they face – whether it’s crossing the road or playing with apps on my phone. Admittedly, it’s a lot easier to see the damage from a scrape on the knee, but – as the Internet plays a bigger role in their lives – we need to understand that virtual bumps and bruises can be just as painful.

All three of my children will be growing up around technology – they simply won’t know anything different – so it’s my job, as a mother, to make sure they know right from wrong (on-and-offline), so they can make the most of their connected world. Having those ‘awkward’ conversations is often part of parenting, and if they protect your child in the long run, then it’s something worth blushing for!”

Activity at the Child Internet Safety Summit 2015 is part of AVG Technologies’ SmartUser mission – a growing movement based on the belief that everyone on the Internet is responsible for making it a better place. The objective is to make the next two billion users of the mobile Internet Smart Users, through education, to help them make informed choices about their own security and privacy — all from the first moment they start using a connected device. The SmartUser initiative works on the basis that if you would teach a child how to safely cross the road, there is a similar duty to teach them how to responsibly use the Internet, as well.

– ENDS –

 

About the Research / Methodology:

AVG commissioned an online survey, interviewing 2,200 UK adult parents (aged 18-65) with one or more children aged 4-16 years old. The market research company, Vanson Bourne, carried out the fieldwork between 4th-12th June 2015 using their propriety panels.

AVG

Kids Competing with Mobile Phones for Parents’ Attention

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AMSTERDAM – June 24, 2015 – Mobile phones are gaining an increasing share in the battle for parental attention, with a third of children, surveyed for a recent study, saying their parents spent equal or less time with them, than on their devices. The research, conducted by AVG® Technologies N.V. (NYSE: AVG), the online security company™ for more than 200 million monthly active users, examined children’s perceptions of their parents’ mobile device use, and uncovered some worrying trends.

Hinting at ongoing digital intrusion upon family life, over 50 percent of the children questioned, felt that their parents checked their devices too often (54 percent); and their biggest grievance, when given a list of possible, bad device habits, was that their parents allowed themselves to be distracted by their device during conversations (36 percent) – something that made a third of the complainants feel unimportant (32 percent).

When asked about their device use, half of all parents agreed that it was too frequent (52 percent), and many also worried about how this looked to the younger generation. Almost a third (28 percent) felt that they didn’t set a good example for their children with their device use.

“With our kids picking up mobile devices at an increasingly younger age, it is really important that we set good habits within the home, early on,” said Tony Anscombe, Senior Security Evangelist at AVG Technologies. “Children take their cues from us for everything else, so it is only natural that they should do the same with device use. It can be hard to step away from your device at home; but with a quarter of parents telling us that they wished their child used their device less (25 percent), they need to lead by example and consider how their behavior might be making their child feel.”

In a country by country comparison, Brazilian parents topped the survey for device use, with 87 percent of children stating their parents used mobile devices too much. More worryingly, 59 percent of Brazilian parents admitted to using the phone while driving – interestingly, 56 percent of children in Brazil also said they would confiscate a parent’s device, if they could.

Digital Diaries Infographic

 

Methodology:

AVG commissioned an online survey, interviewing parents and their children, between the ages of 8-13, to identify perceptions and realities of parental device use in the following markets: Australia, Brazil, Canada, Czech Republic, France, Germany, New Zealand, the United Kingdom and the United States. A total of 6,117 completed the survey during June 2015. The market research company, Research Now, carried out the fieldwork using their proprietary panels.

AVG

AVG Technologies Establishes Worldwide Center of Excellence for Mobile in Israel

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AMSTERDAM – June 16, 2015 – AVG® Technologies N.V. (NYSE: AVG), the online security company™ for more than 200 million monthly active users, announced today the establishment of its global Center of Excellence for mobile in Tel Aviv, Israel. The new office comprises a 3,200 square meter facility, supporting more than 120 employees working across state-of-the-art mobile innovation, emerging mobile threats research, and Internet of Things technology development.

“Israel has emerged as a hotbed for mobile innovation, resulting in unparalleled opportunities to partner with innovative start-ups and develop cutting-edge mobile technologies. AVG’s rapidly growing mobile customer base makes this a critical time to build robust, future-proof offerings, supporting the multiple mobile platforms and services that are so popular today,” said Harel Tayeb, AVG Israel Country Manager. “The historical success of our investments in this market have laid a strong foundation for the development of our signature AVG Zen platform, growing our global mobile user base, and delivering on our mobile monetization strategy.”

The development of AVG’s most popular mobile product, AVG AntiVirus for Android™, was driven by the acquisition of Israeli start-up, DroidSecurity, and quickly became the first mobile security product to enter the 100-500 million downloads category on the Google® Play™ store. With over 100 million mobile users worldwide today, and growing, AVG is focused on enhancing and innovating on its mobile portfolio through a dedicated program of industry partnerships, top talent recruitment and discerning investment.

On the back of the new office opening, AVG commenced a roadshow on Monday, June 15, in which fifteen innovative Israeli start-ups were invited to meet with AVG’s global senior management team, including Todd Simpson, AVG’s Chief Strategy Officer, and Judith Bitterli, AVG’s Chief Marketing Officer, to discuss and debate Israel’s hottest innovations in the mobile market.

AVG’s Country Manager, Harel Tayeb, will lead the program of mobile momentum for Israel. An entrepreneur himself, who has founded and run several mobile-oriented start-ups in this market, Tayeb also previously served as Vice-President of Conduit’s Mobile Business Unit, and headed up its spin-off, Como, prior to becoming a start-ups advisor.

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AVG Signs Mobile Security Partnership with ZTE

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AMSTERDAM – June 9, 2015 – AVG® Technologies N.V. (NYSE: AVG), the online security company™ for more than 200 million monthly active users, announced today a new global partnership with leading telecommunications equipment, networks and mobile devices company, ZTE, to become a provider of mobile security across its range of devices. From May 2015, ZTE smartphones and tablets come pre-installed with AVG’s flagship AVG AntiVirus PRO for Android™ app, giving ZTE customers the peace of mind that they have protection on their mobile devices.

“For many of us, our smartphones have become the primary device that we spend most time with, but ensuring mobile security can sometimes be an afterthought,” said Ms. Wang Xuemei, Business Manager at ZTE. “Our customers will be able to rely on our partnership with AVG to help take the worry out of connecting to their favorite websites, apps and using online services through their ZTE smartphones and tablets. We are committed to mobile security and strive to provide the best mobile experience possible to all of our users.”

Under the terms of the partnership, ZTE customers will receive a free, 60-day trial of the AVG AntiVirus PRO for Android™ app. After the trial, they can either choose to keep the enhanced features by purchasing the annual subscription or retain AVG AntiVirus FREE for Android™, which still ensures their smartphone or tablet will have core protection.

“There’s huge momentum in the adoption of mobile services in key emerging markets. The flipside of this growth is that it attracts attention – for example, we recently identified a new vulnerability in a popular app that could easily be exploited by hackers to become malicious,” said David Ferguson, Senior Vice President, Revenue & Business Operations, AVG Technologies. “As we focus on helping to secure people, devices, and data across the globe, this partnership will ensure that new and existing mobile users have peace of mind by being protected from the outset, whether simply enjoying their favorite games or using useful online tools for banking or shopping.”

AVG

AVG Business Opens State-of-the-Art Facility in Ottawa

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AMSTERDAM / Ottawa, Ontario – June 4, 2015 – AVG® Technologies N.V. (NYSE: AVG), the online security company™ for more than 200 million monthly active users, announced today that its AVG Business unit now has a new, state-of-the-art facility in Ottawa, Ontario. This Global Center of Excellence for Managed Workplace serves the growing, international small-to-medium business (SMB) market from a new 34,400 square foot facility supporting more than 140 technical, sales and management staff.

“We chose Ottawa as the AVG Business Global Center of Excellence because of the workforce talent and our confidence in the region, which are key ingredients in our focused customer support and development strategy,” says Marco La Vecchia, Vice President Channel Sales, AVG Business. “AVG is increasingly focused on SMBs because we know the number of attacks on SMBs nearly doubled since 2011.  Also, the trend to mobile and flexible working conditions within businesses continues to rise.  This highlights the need for the facilities and technology that would allow us to continue such growth, as well as the need for additional employees.”

AVG Business provides a suite of integrated solutions for IT administration, integrated security, Remote Monitoring and Management (RMM), and mobile device management. Working with more than 10,000 partners globally, including thousands of  Managed Service Providers (MSPs), AVG Business helps them achieve their business goals by being able to provide best-in-class Internet security products and services to their customers.

“We see potential growth in the SMB space through our channel partners, with RMM combined with security services,” adds La Vecchia. “As far as AVG’s growth, we contribute that to talented sales, support and engineering teams.”

In April 2015, the company introduced AVG Business Managed Workplace, the most comprehensive version of AVG’s fully integrated, open ecosystem RMM platform. Managed Workplace Version 9.1 delivers an enriched social media-style user interface that streamlines workflows to simplify the lives of IT providers, MSPs and their small-to-medium sized business customers.

The new site on-boarding process displays actionable data on the dashboard within minutes of deployment. The addition of remote mobile security, through AVG Secure Sign-On, and Backup and Disaster Recovery enable data to be protected on any device at any time.

Dedicated, global customer service and technical support is available to all partners, with a value-add, two-tier premium Network Operations Center support service, that offers 24/7 response; and remediation available for additional support in English-speaking markets.

In 2014, AVG Business offices were added in strategic regions for future growth – DACH, Nordics and Brazil.  The new Ottawa facility was officially opened earlier today by LaVecchia and AVG executives and employees. .

AVG

Dating, Chatting and the Weather: Are These the World’s Greediest Smartphone Apps?

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AMSTERDAM – May 18, 2015 – AVG Technologies, N.V. (NYSE: AVG), the online security company™ for 200 million active users, releases today its latest app performance report for January to March 2015. During the first three months of the year, AVG tracked a surge in dating and chatting apps including POF Free Dating, WeChat and ooVoo Video Call in the top social installs, top battery drainers and top data plan consumption lists. In addition, no less than four weather apps, such as Yahoo Weather and Weather Channel, also appeared for the first time, making the top 10 list of Android apps most likely to burn through your data allowance, while Weather & Clock Widget Android also appeared in the top battery drainers table.

The top findings from the report are:

  • Casino games topped the charts for most overall time spent per app: This quarter saw a massive spike in time spent on Card and Casino games as well as blockbuster Arcade games, with the likes of Solitaire and Zynga’s Livepoker entering the charts. On the flip side, we spent far less time playing casual, strategy, puzzle or family games.
  • Dating app enters Top 10 installed social apps: With Valentine’s Day falling within this quarter, it’s no surprise a free dating app, POF Free Dating, entered the Top 10 most installed apps.
  • Chat apps are still the greediest apps: Mirroring previous reports, social media and chat apps continue to rank as the greediest Android apps, with Facebook, BBM, Instagram, Facebook Messenger and WeChat accounting for five of the top six most resource-hungry ‘auto-running’ apps.

 

With the host of new apps entering the charts for popularity and impact on our smartphones, AVG broke down the top 10 overall impact findings to identify impact differences between apps which require the user to initiate them and apps that auto-run all the time.

 

Autorun                                   User Run

# Name # Name
1 Facebook 1 Spotify Music
2 BBM 2 Amazon Kindle
3 8 Ball Pool 3 LINE: Free Calls & Messages
4 Instagram 4 Samsung WatchON (Video)
5 Messenger 5 Snapchat
6 WeChat 6 Netflix
7 Facebook Pages Manager 7 SoundCloud – Music & Audio
8 ooVoo Video Call Text & Voice 8 Clean Master (Speed Booster)
9 KakaoTalk: Free Calls & Text 9 Tumblr
10 Vine 10 PicsArt Photo Studio

 

  • Silent smartphone sapping apps: Facebook kept its top slot in the list for apps that drain phone resources, but a more surprising entrant was the 2D game, 8 Ball Pool, which wouldn’t seem necessary to register as a startup app and run constantly in the background.
  • Start up and drain down: although users may choose to start these apps, they may not be aware of the potential impact of using them. For example, Spotify allows 3,333 songs to be stored locally which can eat up storage, while its data-heavy music and video service can drain your data plan allowance. Many of the other apps in this category are also content-heavy and should be used with care.

 

“Many of us take every day practical apps like weather and chat for granted and despite spending little time on them, the impact on our devices is actually quite significant,” said Tony Anscombe, Senior Security Evangelist, AVG Technologies. “A number of unexpected apps such as these are consuming battery, storage, and data traffic without users knowledge – and, in many cases, for no good reason. So if you’re wondering why you’re not getting the best performance out of your device, this could well be why.”

Analyzing aggregated, anonymous data from over one million AVG Android app users, the quarterly AVG Android App Performance Report aims to reveal the top performance-affecting apps worldwide – analyzing their overall impact and performance against three key categories – battery drain, storage consumption, and data traffic use.

The full report, which breaks down the performance impact further according to battery drain, storage consumption and data traffic, can be downloaded from AVG Now.

AVG

AVG Business: Volles Haus beim Auftakt der Roadshow 2015

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Basel und Düsseldorf, 18. Mai 2015 – AVG (NYSE: AVG), der Online Security Anbieter für mehr als 200 Millionen aktive Nutzer, präsentiert seine neuen Produkte für Business-Anwender in Deutschland und in der Schweiz. Bei den Auftaktveranstaltungen seiner Partner-Roadshow 2015 in München, Stuttgart und Frankfurt am Main mit mehr als 100 Teilnehmern verzeichnete der Hersteller ein hohes Interesse an seinen Lösungen zum Remote Monitoring und Management. Für die kommenden Termine in Düsseldorf, Zürich und Basel sind noch wenige Plätze für kurzentschlossene Interessenten verfügbar.


Francois Tschachtli

Francois Tschachtli, Sales Director AVG Business DACH & Benelux (Quelle: AVG).

AVG Partner-Roadshow 2015 im Überblick
AVG Business zeigt auf seiner Roadshow Bestandspartnern und solchen die es werden möchten, wie sie mit den neuen Managed Services Mehrwert im Unternehmen schaffen können. Zudem steht eine Präsentation inklusive Live-Demonstration der Produkte aus dem Business-Portfolio auf dem Programm.

Deutschland

  • Mi, 20.05.2015 – Düsseldorf

Anmeldung online, telefonisch unter +49 211 586 99 200 oder per Mail an [email protected]

Schweiz

  • Di, 19.05.2015 – Zürich
  • Do, 21.05.2015 – Basel

Anmeldung online, telefonisch unter +41 61 317 25 25 oder per Mail an [email protected]

Über AVG
AVG ist ein Online Security Anbieter, der Software und Services für die Sicherheit von Geräten, Daten und Menschen herstellt. AVG hat mehr als 200 Millionen aktive Nutzer als Kunden. Die AVG-Produkte und Services für Endkunden bieten Internetsicherheit, Leistungsoptimierung, persönliche Privatsphäre und Identitätsschutz für den PC und mobile Endgeräte. Das AVG Business Portfolio für Sicherheit und einfachere Prozesse im Unternehmen ist über Managed Service Provider, Value Added Reseller und Händler erhältlich und enthält Lösungen zur IT-Administration, Überwachung und Reporting, integrierte Sicherheit und Mobile Device Management.

Alle Marken sind Eigentum ihrer jeweiligen Besitzer.

Ansprechpartner für die Presse:

Martina Krelaus
Akima Media
+49 89 17959 18-0
[email protected]

AVG

AVG Acquires Privax, a Global Leader in Personal Privacy Solutions

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AMSTERDAM – May 6, 2015 – AVG® Technologies N.V. (NYSE: AVG), the online security company™ 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 12th.

AVG

AVG Announces First Quarter 2015 Financial Results

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AMSTERDAM, April 29, 2015 /PRNewswire/ — AVG Technologies N.V. (NYSE: AVG), the provider of Internet and mobile security, privacy and optimization to 202 million active users, today reported results for the first quarter ended March 31, 2015.

 

Key highlights

  • Subscription revenue grew 21 percent to $81.6 million
  • Total monthly active users surpassed 200 million, with mobile users growing 29 percent over last year to 104 million
  • Q1 revenues increased 10 percent over the same period last year; adjusting for foreign exchange movements, Q1 revenues grew over 12 percent

 

First quarter 2015 financial results

Revenue for the first quarter of 2015 was $102.8 million, compared with $93.5 million in the first quarter of 2014.  Non-GAAP net income for the first quarter of 2015 was $23.9 million, or $0.46 per diluted ordinary share.  This compares with non-GAAP net income of $30.0 million, or $0.56 per diluted ordinary share for the same period of the prior year1.

GAAP net income for the first quarter of 2015 was $11.9 million, or $0.22 per diluted ordinary share.  This compares with net income of $17.9 million, or $0.34 per diluted ordinary share in the prior year’s first quarter.

Operating income was $19.8 million, compared with $24.7 million for the first quarter of 2014.  Operating cash flow was $22.2 million for quarter, compared with $32.7 million for the first quarter last year.  Non-GAAP free cash flow was $19.9 million for the quarter, compared with $30.0 million for the same period in the prior year.

“Our results of the quarter reflect the continued execution against the initiatives we laid out for you during the repositioning of the company last year,” said Gary Kovacs, CEO of AVG.  “Subscription based revenue growth accelerated and now represents approximately 80 percent of the total revenues, providing an increasingly predictable, sustainable and recurring revenue base.  Our total active user count has surpassed 200 million, validating our view that the online security industry is undergoing a fundamental shift, with consumers driving much of the change.  As we approach the second half of 2015, we believe we will capitalize on this emerging opportunity with our strong user base and realigned focus, and continue to deliver on our objectives.”

(1) Non-GAAP results for the first quarter of 2015 exclude $3.1 million in share based compensation expense,$6.7 million in acquisition amortization and $0.3 million in charges associated with litigation settlements, $2.0 million in acquisition related charges, $0.8 million in charges related to the unwinding of discounts and changes in fair value and $0.1 million in charges associated with the rationalization of the Company’s global operations, offset against $0.9 million in net reversals of capitalized development charges, as described in the Reconciliation of GAAP measures to non-GAAP measures.

Financial Outlook

Based on information available as of April 29, 2015, AVG is reaffirming the following outlook for fiscal year 2015 as follows:

Revenue is expected to be in the range of $410 million to $430 million.
Non-GAAP adjusted net income is expected to be in the range of $94.2 million to $99.2 million; non-GAAP diluted EPS is expected to be in the range of $1.80 to $1.90.
GAAP net income is expected to be in the range of $48.9 million to $53.9 million; GAAP net income per diluted ordinary share is expected to be in the range of $0.93 to $1.03.
AVG’s expectation of non-GAAP adjusted net income for the fiscal year 2015 excludes share-based compensation expense, acquisition amortization and certain other adjustments, and assumes a normalized tax rate of 12.5%.  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.

The financial information presented in this press release is not audited or reviewed.

Conference Call Information

AVG will hold its quarterly conference call today at 5:00 p.m. ET/2:00 p.m. PT/11 PM CET to discuss its first quarter 2015 financial results, business highlights and outlook.  The conference call may be accessed via webcast at http://investors.avg.com or using the following phone numbers and conference ID: +1 913 312 1499 (USAand Canada); +44 20 8150 0795 (UK); Conference ID: 1551655.

A live version and replay version of the webcast can be accessed via http://investors.avg.com.

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. Some of the limitations of adjusted net income and free cash flow and their related ratios as measures are:

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.

For a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with U.S. GAAP, please see “Reconciliation of GAAP to non-GAAP financial measures”.  All non-GAAP financial measures should be read in conjunction with the comparable information presented in accordance with U.S. GAAP.

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!, Googleand 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.

 

About AVG

AVG is the online security company providing simple, integrated software and services to secure devices, data and people. Over 200 million active users and businesses use AVG’s products and services worldwide.

All trademarks are the property of their respective owners.