From the Wires
AVG and Yahoo! Team Up on Secure Search
By: PR Newswire
Dec. 13, 2012 04:15 PM
AMSTERDAM and SAN FRANCISCO, Dec. 13, 2012 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG), the provider of Internet and mobile security to 143 million active users, today announced a new Search and Distribution relationship with Yahoo! Inc. (NASDAQ: YHOO).
AVG Secure Search, now also powered by Yahoo!, protects users from dangerous websites and online threats, via AVG's LinkScanner® technology. Under this agreement, AVG is now offering their customers more choice when it comes to search providers; and Yahoo! is extending its search presence to even more users.
"AVG is excited to team up with Yahoo! to help provide Internet users with peace of mind when searching the web or accessing their favorite online properties," said JR Smith, CEO, AVG Technologies. "This relationship represents a shift from the company's previous strategy of entering into exclusive search agreements in its search and advertising services business. Consumers have many choices when it comes to how they access the Internet, and our objective is simply to keep them secure, each step of the way."
"Internet users everywhere want to be able to access online content easily without having to worry about security threats," said Shashi Seth, senior vice president of Connections at Yahoo!. "We're committed to providing a rich search experience to AVG users and see this relationship as a strategic way for us to enrich and broaden our search footprint moving forward."
Conference Call Information
AVG will hold a conference call today at 23:00 CET/5:00 p.m. ET/2:00 p.m. PT. The conference call may be accessed via webcast at http://investors.avg.com or by calling +1 (877) 941-1427 (United States and Canada) or +1 (480) 629-9664 (International).
A replay of the webcast can be accessed via http://investors.avg.com. Additionally, an audio replay of the conference call will be available through December 20, 2012 by calling +1 (800) 406-7325 (United States and Canada) or +1 (303) 590-3030 (International), (conference passcode required: 4582186#).
This press release contains forward-looking statements within the Private Securities Litigation Reform Act of 1995. Words such as "expects," "outlook", "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 the company's growth strategies; changes in the company's future prospects, business development, results of operations and financial condition; 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; flaws in the assumptions underlying the calculation of the number of the company's active users; the termination of or changes to the company's relationships with its partners, including Google, and other third parties; changes in the company's and its partners' responses to privacy concerns; the ability for the company to successfully diversify its portfolio of search partners; the company's plans to launch new products and online services and monetize its full user base; the company's ability to attract and retain active and subscription users; the company's ability to retain key personnel and attract new talent; the company's ability to adequately protect its intellectual property; flaws in the company's internal controls or IT systems; the company's geographic expansion plans; the anticipated costs and benefits of the company's acquisitions; the outcome of ongoing or any future litigation or arbitration, including litigation or arbitration relating to intellectual property rights; the company's legal and regulatory compliance efforts; and worldwide economic conditions and their impact on demand for the company's 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 Securities and Exchange Commission (SEC) from time to time, including its Annual Report on Form 20-F, particularly under the heading "Risk Factors".
These documents are available online from the SEC or in the Investor Relations section of our website at http://investors.avg.com. Information on our website is not part of this release. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
About AVG Technologies (NYSE: AVG)
AVG's mission is to simplify, optimize and secure the Internet experience, providing peace of mind to a connected world. AVG's powerful yet easy-to-use software and online services put users in control of their Internet experience. By choosing AVG's software and services, users become part of a trusted global community that benefits from inherent network effects, mutual protection and support. AVG has grown its user base to 143 million active users as of September 30, 2012 and offers a product portfolio that targets the consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software.
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