Inactive Instrument

Avast plc

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AVST

GB00BDD85M81

Avast : CEO says impact of Jumpshot furore limited

February 26, 2020 at 04:08 am EST

The chief executive of cybersecurity firm Avast said a data privacy scandal concerning its Jumpshot analytics operations, which caused it to close the unit last month, had a temporary and limited impact on the business.

Ondrej Vlcek said there was a "slight increase" in product un-installs in the week the news broke but operations were now back to normal.

"There was some limited impact but it has been constrained," he said in an interview on Wednesday.

(Reporting by Paul Sandle; editing by Jason Neely)

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Company Profile

Avast plc is the world leader in cyber security software. Net sales break down by client type as follows: - individuals (94.6%): development of desktop, server and mobile device security software (Avast and AVG brands), and solutions for privacy control, password management, PC optimization and cleaning, mobile devices and connected devices (including CCleaner, Avast Cleanup, AVG Tune Up, HideMyAss and Avast Passwords). At the end of 2020, Avast plc had more than 435 million active users; - small and medium-sized enterprises (5.4%): development of antivirus and computing protection solutions on the cloud and on site under the Avast and AVG brands. Net sales are distributed geographically as follows: the United Kingdom (9.1%), the United States (39.1%), France (7.8%), Germany (6.7%) and other (37.3%).

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