[June 17, 2013] AVG Technologies Purchases LPI Level Platforms Business Tweet Jun 17, 2013 (Close-Up Media via COMTEX) -- AVG Technologies N.V., a provider of Internet and mobile security, privacy and optimization, announced that it has entered into an agreement to acquire, subject to closing, the business of LPI Level Platforms Inc., a remote monitoring and management software company. According to a release, LPI Level Platforms provides next generation remote monitoring and management software (RMM) through Managed Workplace, its cloud-based remote monitoring and management platform. With its advanced hybrid agentless architecture, this platform provides visibility and unified management of the entire IT infrastructure, including devices, applications, networks and cloud, while providing superior ease of use, security and control for the user. The Company said the acquisition will enhance AVG's cloud-based services model by adding LPI Level Platforms' Managed Workplace software to AVG CloudCare, integrating products such as RMM and Mobile Device Management (MDM). In addition, it will significantly expand AVG's distributor network by adding over 1,500 active LPI Level Platform Managed Service Providers (MSP) partners. "Since founding the company our mission has been to establish LPI Level Platforms as the ubiquitous remote monitoring, management and automation platform for IT service providers around the world," said Peter Sandiford, LPI Level Platforms' CEO. "By adding LPI Level Platforms software to the AVG portfolio, AVG will be in a position to deliver the most comprehensive, innovative, high quality and high performance platform for SMBs and their MSPs in the market." "Our two companies share a goal of delivering a powerful, cloud-based IT management platform for MSPs that profoundly simplifies the way you service and protect your small business customers," added John Giamatteo, Chief Operating Officer of AVG Technologies. "AVG is in a position to develop LPI Level Platforms' product portfolio and deliver a significantly enhanced product offering globally, leveraging our brand and organization to support growth. The technology requirements for small businesses are increasing day by day as the world migrates towards a mobile working environment. AVG has the infrastructure and partner base to enable customer growth in a safe, cost-effective and secure way." AVG noted that CloudCare provides small business resellers and MSPs with a free-of-charge, cloud-based administrative platform, allowing them to remotely deploy and manage their clients' security with AVG antivirus. AVG CloudCare has amassed more than 1,000 reseller partners and is already managing tens of thousands of small business endpoints across the UK and North America. In addition, the Company noted: -AVG expects to realize significant synergies by combining platforms and business operations, with the objective of making the acquisition accretive quickly. -AVG expects $5 million of subscription revenue related to the transaction in the second half 2013, which is expected to be neutral to non-GAAP earnings. In 2014, subscription revenue is projected to be $15 million and non-GAAP EPS is projected to be in the range of 6-10 cents for this business. More Information: www.levelplatforms.com www.avg.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]