[TuneUp Utilities 2013]Acquired by AVG

[leesmithg]

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!

[NEVER85]

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

[Copernic Reporter]

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

[_neutrino Veteran]

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

[Ace]

A perfect fit for each other then!

TuneUp Utilities = Pointless

AVG = Bloated and too many false positives

[Descartes]

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

[leesmithg]

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:

[zapjb]

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.

[TPreston]

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