About AVG Tech (adapted from AVG Tech prospectus):
AVG Technologies provides desktop, laptop, and mobile security, optimization, and backup software which is delivered by Internet download. They claim to have grown a user base to approximately 106 million active users as of September 30, 2011.
The majority of AVG Technologies' active users have been users that have downloaded their free products and online services. AVG Technologies also offers products with premium functionality and enhanced customer support when customers purchase an annual or multi-year subscription. As of September 30, 2011, AVG Technologies claims to have had approximately 15 million subscription users.
In 2011, AVG Technologies launched AVG Mobilation for Android-based mobile phones, AVG LiveKive, a cloud-based storage, sync and share solution and MultiMi. In addition, they acquired TuneUp Software GmbH, or TuneUp, a leading provider of PC optimization software.
AVG Technologies distributes products primarily online, and also has a global network of resellers and distributors, including CNET, Ingram Micro and Wal-Mart.This description is adapted from AVG Tech prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..