) and popular free anti-virus software developer
AVG Technologies N.V.
) have entered into a new Search and Distribution relationship.
The agreement is aimed at providing secured Internet search
experience to Yahoo's users via AVG's LinkScanner technology.
Founded in 1991, Amsterdam-based AVG Technologies provides
antivirus and Internet security products. It produces and
develops software for threat detection, threat prevention and
risk analysis. Its product portfolio includes Internet security,
PC performance optimization, online backup, mobile security,
identity protection and family safety software.
AVG has been very active in signing partnership agreements. In
2011, it partnered with an Israeli company Zbang to launch
Multimi, a free Windows and iPad app that integrates e-mail,
social media and multimedia into one interface. In 2010, it
collaborated with Opera Software to provide malware security for
the Opera web browser. In 2012, it entered into a partnership
with MokaFive to secure desktop virtualization solutions.
Being a leader in security solutions, AVG has been forming
strategic relationships. It is equally important for Yahoo to
provide unmatched secured services to its users. As per comScore,
Yahoo had 57.4 million unique visitors in September, while 498.5
million videos were streamed or downloaded. Further, 44.3 million
users used Yahoo!
Security is the buzzword in the cyber space. Hacking and virus
attacks are quite common incidents. Thus, the role of anti-virus
software is crucial to protect computers and sensitive data while
surfing the Internet. The partnership between Yahoo and AVG is
aimed at providing Internet users the security to surf and work
In the third quarter of fiscal 2012, Yahoo reported revenue of
$1.20 billion, which was down 1.3% sequentially and 1.2% year
over year. TAC costs were down 17.7% sequentially and 22.2% from
last year. Excluding these costs in all periods, net revenue was
essentially flat on a sequential basis and up 1.6% from last
year, in line with the consensus estimate.
Yahoo has a Zacks #3 Rank (Hold), while AVG carries a Zacks #2
AVG TECHNOLOGS (AVG): Free Stock Analysis
YAHOO! INC (YHOO): Free Stock Analysis Report
To read this article on Zacks.com click here.