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AVG Posts Record Growth,Surpasses More Than 110 Million
Source -" AVG Technologies, the world's leading provider of free Internet security solutions, today announced another record year of record revenue, profit and customer growth. As of December, 2009, AVG's user base surpassed the 110 million user milestone. In the wake of these strong results, AVG has officially named current CEO, J.R. Smith, whose leadership has been responsible for driving the last three years of strong performance and growth, to the permanent position in leading the company to its next phase of growth as it pursues a public offering.
"The board initially believed that the market would place a higher value on a CEO who had experience taking companies through public offerings, and, as such, we undertook the task of a search for that person and interviewed hundreds of candidates for the role," said Dale Fuller, Chairman of the AVG Board of Directors. "After AVG's banner results again in 2009, it became overwhelmingly clear that J.R.'s vision, drive for success and ability to execute are far more valuable to the company, and we need his leadership to take us to the next step and beyond."
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