avg technologies (AVG) Key Developments
Avg Technologies N.V. Announces Unaudited Consolidated Earnings Results for the Six Month Ended June 30, 2014; Provides earnings guidance for the 2014
Sep 4 14
AVG Technologies N.V. announced unaudited consolidated earnings results for the six month ended June 30, 2014. The company reported revenue was $16,250,000. Income from operation was $2,628,000. Income before provision for income taxes was $2,101,000. Net income was $1,889,000 a year ago.
The company expects fourth quarter 2014 non-GAAP earnings per share by approximately $0.05 per share or approximately 10%. AVG Technologies N.V. expects the Transaction to be neutral to 2015 Non-GAAP earnings per share and accretive thereafter.
AVG Technologies N.V., Location Labs - M&A Call
Sep 3 14
To discuss the acquisition of Location Labs
AVG Technologies N.V. Enters into Commitment Letter for Up to $300 Million in Senior Secured Credit Facilities with Morgan Stanley Senior Funding, Inc., HSBC Securities (USA) Inc., HSBC Bank Plc and HSBC Bank USA, N.A
Sep 3 14
AVG Technologies N.V. announced that it has entered into a commitment letter with Morgan Stanley Senior Funding Inc., HSBC Securities (USA) Inc., HSBC Bank Plc and HSBC Bank USA, N.A. for senior secured credit facilities in the amount of up to USD 300 million. The facilities will consist of a Term Loan B (the term loan) in the amount of up to USD 250 million and a revolving credit facility (the RCF) in the amount of up to USD 50 million. The tenor of the term loan is six years and the tenor of the RCF is five years. The facilities will primarily be used for the acquisition of Location Labs, as well as other general corporate purposes, including future potential acquisitions.
AVG Mulls Acquisitions
Sep 3 14
AVG Technologies N.V. (NYSE:AVG) intends to pursue acquisitions. AVG has entered into a commitment letter with Morgan Stanley Senior Funding, Inc., HSBC Securities (USA) Inc., HSBC Bank Plc and HSBC Bank USA, N.A. for senior secured credit facilities in the amount of up to $300 million. AVG will use the funds or the acquisition of Location Labs, as well as other general corporate purposes, including future potential acquisitions.
AVG Technologies N.V. Simplifies Microsoft Office 365 Administration with New AVG Managed Workplace Service Module
Aug 27 14
AVG Technologies N.V. announced the immediate availability of an enhanced service module capability that allows IT providers and Managed Services Providers (MSPs) to use AVG Managed Workplace to remotely monitor and manage their customers' Microsoft Office 365 cloud-based collaboration, communications and productivity software platform. The Office 365 service module further expands partners' ability to seamlessly manage cloud environments within AVG Managed Workplace. It solves the problem of multiple logins between applications by allowing administrators to view all the essential information they need within the same screen, helping them to run their operations more efficiently and further cut down administration costs. The new expanded AVG Office 365 Managed Workplace service module gives MSPs the ability to remotely perform the top five most popular management tasks for Office 365 from within the same screen view. Additional Office 365 administration capabilities may also be accessed from within AVG Managed Workplace - saving support engineers from having to log in and out of different applications. Features and benefits for MSPs of the new integrated Office 365 service module within AVG Managed Workplace include: View up-to-date information about Office 365 usage across all customer sites, per site, or even just for a single user; Wide range of information from license expiry and mailbox quotas/traffic/activity/policies and group memberships to service down notifications, user password resets and managing users without using Windows PowerShell(R); and Rich HTML view reduces complexity of PowerShell interface.