July 30, 2014 1:44 AM ET

Software

Company Overview of AVG Technologies CZ, s.r.o.

Company Overview

AVG Technologies CZ, s.r.o. designs and develops Internet security software. The company offers identity, phishing, firewall, anti-spam, Web shield, email scanning, anti-spyware, and anti-virus protection services. AVG Technologies CZ, s.r.o. has a strategic partnership with Billing Services Group Limited. AVG Technologies CZ, s.r.o. was formerly known as GRISOFT, s.r.o. and changed its name to AVG Technologies CZ, s.r.o. in January 2008. The company was founded in 1991 and is based in Brno, Czech Republic. AVG Technologies CZ, s.r.o. operates as a subsidiary of AVG Technologies N.V.

Holandská 4

Brno,  639 00

Czech Republic

Founded in 1991

Phone:

420 54 9524011

Fax:

420 54 1211432

Key Executives for AVG Technologies CZ, s.r.o.

Chief Financial Officer
Age: 48
Chief Operating Officer
Age: 51
Chief Research Officer
Managing Director of North America
Senior Vice President of Worldwide Sales
Compensation as of Fiscal Year 2014.

AVG Technologies CZ, s.r.o. Key Developments

AVG Technologies CZ Reports Earnings Results for the Fiscal 2012

AVG Technologies CZ reported earnings results for the fiscal 2012. For the year, the company reported that total Revenue was increased 30% tp CZK 3,047,000,000 compared to CZK 2,339,000,000 a year earlier. Net profit was increased 36% to CZK 291,000,000 compared to CZK 214,000,000 a year earlier.

Avg Technologies Announces Executive Appointments

Gary Kovacs of Canada has been named as CEO and managing director of AVG Technologies to replace JR Smith who resigned. The appointment of Kovacs, who joins AVG from Mozilla Corporation, is to be okayed at an extraordinary meeting of stockholders.

Consumer Sues Lawsuit Against AVG Technologies CZ, s.r.o. and AVG Technologies USA, Inc

Rottner sued AVG Technologies CZ, s.r.o. (AVG CZ) and AVG Technologies USA, Inc. (AVG US). He claimed that the companies falsely represented the software's capabilities to induce customers to purchase the software. AVG CZ marketed and sold the software PC TuneUp through its website www.avg.com. AVG US was responsible for retail store sales of the software. AVG US moved to dismiss Rottner's claims against it. The district court determined that AVG US did not sell the software to Rottner and was not a party to the end license user agreement between Rottner and AVG CZ. The claims against AVG US therefore failed. The district court rejected Rottner's assertion that the defendants were alter egos for liability purposes. The complaint alleged no facts showing that corporate formalities were not observed and that AVG US functioned as a mere façade for AVG CZ. AVG CZ also filed a motion to dismiss. The district court declined to dismiss the express warranty claims. Rottner plausibly pleaded the software's claimed functionality operated as an express warranty separate and apart from the end license user agreement's provisions disclaiming warranties. Dismissal of the implied warranty claim was appropriate. Massachusetts law permitted a disclaimer of implied warranties so long as the disclaimer was in writing and conspicuous. The disclaimer was in capital letters and specifically identified the implied warranties of merchantability and fitness for a particular purpose. The district court found that the breach of contract and breach of the implied covenant of good faith and fair dealing claim could proceed. The express warranty regarding PC TuneUp's functionality formed the basis of the parties' bargain. The cause of action for fraudulent inducement survived dismissal.

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