AVG makes acquisition
- 20 June, 2013 22:00
AVG has announced the acquisition of LPI Level Platforms, a remote monitoring and management software company.
According to AVG, the acquisition will enhance its cloud-based services model by adding LPI Level Platforms’ Managed Workplace software to AVG CloudCare, integrating products such as RMM and Mobile Device Management (MDM). In addition, it will significantly expand AVG’s distributor network by adding over 1500 active LPI Level Platform Managed Service Providers (MSP) partners.
“Since founding the company our mission has been to establish LPI Level Platforms as the ubiquitous remote monitoring, management and automation platform for IT service providers around the world.”, says Peter Sandiford, CEO of LPI Level Platforms. “By adding LPI Level Platforms software to the AVG portfolio, AVG will be in a position to deliver the most comprehensive, innovative, high quality and high performance platform for SMB’s and their MSPs in the market.”
“Our two companies share a goal of delivering a powerful cloud-based IT management platform for MSPs that profoundly simplifies the way you service and protect your small business customers” adds Sam Hendry, general manager AVG Technologies Australia. “AVG is in a position to develop the LPI Level Platforms’ product portfolio and deliver a significantly enhanced product offering globally, leveraging our brand and organisation to support growth. The technology requirements for small businesses are increasing day by day as the world migrates towards a mobile working environment. AVG has the infrastructure and partner base to enable customer growth in a safe, cost-effective and secure way.”
AVG CloudCare provides small business resellers and MSPs with a free-of-charge, easy-to-use cloud-based administrative platform, allowing them to remotely deploy and manage their clients’ security with AVG AntiVirus.
AVG expects to book US$5 million of subscription revenue related to the transaction in the second half 2013, which is expected to be neutral to non-GAAP earnings. In 2014, subscription revenue is projected to be $15 million and non-GAAP earnings per share is projected to be in the range of 6 to 10 cents for this business.