Sign in to follow this  
Followers 0
leesmithg

[TuneUp Utilities 2013]Acquired by AVG

9 posts in this topic

AVG acquired tuneup utilities.

I found this out by downloading the latest AVG tune update.

I am shocked, what do you think.

All I know is it looks still like 2012!

Image added!

post-66351-0-72869500-1346956045.png

Share this post


Link to post
Share on other sites

Great, the one tuneup program that actually worked will now be ruined.

1 person likes this

Share this post


Link to post
Share on other sites

On August 19, 2011, AVG Technologies GER GmbH, or AVG Technologies Germany, our wholly owned subsidiary, acquired 100% of the share capital of TuneUp Software GmbH, or TuneUp, a German based provider of intelligent software tools that enable users to optimize use of their operating systems and programs. Previously, on August 17, 2011, AVG Technologies CY Limited (formerly our wholly owned subsidiary, which has since merged into our wholly owned subsidiary AVG Netherlands B.V.), or AVG Technologies CY, entered into an asset purchase agreement pursuant to which it acquired certain assets of TuneUp. The foregoing transactions are referred to below as the Acquisition. The total purchase price was approximately $45.0 million and included cash consideration of ?23.9 million ($34.4 million), and contingent cash consideration of up to ?10.0 million ($14.4 million), which we have estimated to have a fair value of ?7.4 million ($10.6 million), which is contingent on TuneUp meeting certain EBITDA and revenue targets for the full year 2011 generated by TuneUp. We incurred acquisition-related transaction costs of $1.8 million, which will be recorded in general and administrative expenses subsequent to the Acquisition.

As part of the Acquisition and apart from the contingent cash consideration above, the former owners of TuneUp will receive shares of AVG with a total value of ?11.5 million ($16.5 million), subject to their continued employment by TuneUp and other vesting conditions. We determined that this contingent equity component constitutes compensation for services and accordingly the value of the contingent equity component is not included as part of the purchase price for purposes of U.S. GAAP. We will recognize the expense relating to these shares over a four-year vesting period.

http://www.nasdaq.co...ilingid=7965942

Share this post


Link to post
Share on other sites

I used to live by that software until it started getting bloaty back in 2009

Share this post


Link to post
Share on other sites

A perfect fit for each other then!

TuneUp Utilities = Pointless

AVG = Bloated and too many false positives

Share this post


Link to post
Share on other sites

I have a feeling that it'll render everyone's OS unbootable at some point :p

Share this post


Link to post
Share on other sites

I found out something interesting today.

TuneUp have released a new version of course it's the 2013.

It has some new functions.

All AVG tuneup utilities is, is, 2012 with AVG G.U.I.

What a frizz huh!

TuneUp Utilities version:

post-66351-0-80606500-1347989945.png

Share this post


Link to post
Share on other sites

Just found out about this. Late to the party again. Been using it forever. Right now using TU 2011. I guess I'll stop with this version. AVG, ugh gag me with a spoon.

No wonder my friend had problems with TU borking MS Office installs. I don't use MS Office but now it makes sense.

Share this post


Link to post
Share on other sites

Use the best windows tweaking tool, Gpedit.msc these programs are for people who don't know how to admin their systems.

1 person likes this

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.