Innovation Drove Strong Global User Growth and Stellar Financial Performance
Redwood City, California, March 31, 2015 – Avast Software, maker of the world’s most trusted PC and mobile security, recorded yet another excellent year in 2014. Financially, Avast finished the year with revenue of $217 million, representing 51 percent year-over-year growth, and EBITDA of $154 million. Avast’s compound annual growth rate since 2008 has been 56 percent. In addition to its impressive financial performance, Avast added nearly 30 million new users to its already market-leading total of 230 million.
“2014 was another great year for Avast,” said Avast CEO, Vince Steckler. “While our competitors struggled to increase revenues or to add new users, we succeeded with doing both. Our success was driven by our market-leading innovations, which include the first-ever home-network scanner, the first-ever free SMB security solution, and an innovative mobile security app that was the fastest ever to reach 100 million downloads on Google Play.”
Avast named John Schwarz, former Symantec president and COO, chairman of its board
of directors. Avast also added Warren Finegold, group strategy and business development
director at Vodafone, to its board to provide strategic guidance for its
rapidly growing mobile business.
Avast now protects more than 30 percent of the consumer PCs in the world outside of China. In 2014, 120 million Avast users came under attack and were shielded from threats by Avast’s unique protection network. Avast identified one billion unique malicious files, and scanned 8.5 trillion URLs for phishing scams and malware. Avast‘s updating infrastructure handles more than 40 million concurrent connections and the Avast cloud engine services more than 150,000 requests per second. In 2014, Avast Browser Cleanup cleaned 146 million browsers by removing unwanted tool bars and returned 101 million users back to their desired search engine.
Avast (www.avast.com), the global leader in digital security products, protects over 400 million people online. Avast offers products under the Avast and AVG brands that protect people from threats on the internet and the evolving IoT threat landscape. The company’s threat detection network is among the most advanced in the world, using machine learning and artificial intelligence technologies to detect and stop threats in real time. Avast digital security products for Mobile, PC or Mac are top-ranked and certified by VB100, AV-Comparatives, AV-Test, OPSWAT, ICSA Labs, West Coast Labs and others. Avast is backed by leading global private equity firms CVC Capital Partners and Summit Partners.
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