This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

AVG Invests In Startupbootcamp NFC & Contactless Program In Amsterdam

AMSTERDAM and SAN FRANCISCO, Sept. 26, 2013 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG), the provider of Internet and mobile security, privacy and optimization to 155 million active users, today announces it has invested in early stage business accelerator Startupbootcamp NFC (Near Field Communication) & Contactless in Amsterdam. AVG joins venture capitalists and corporates based in the Netherlands on the Startupbootcamp NFC & Contactless Board in organizing and running the next program which starts on October 14 th 2013. Investing in this initiative is part of AVG's Research & Development program, which is lead from Amsterdam where AVG's Innovation Center is based.

(Logo: http://photos.prnewswire.com/prnh/20120306/SF65434LOGO)

Startupbootcamp is a European initiative with seven hubs, co-founded by Dutch serial entrepreneurs, Patrick de Zeeuw and Ruud Hendriks. Startupbootcamp runs two programs a year from the Amsterdam hub, each lasting three months, to which startups across the world apply for the chance of a place. Following the three month program, Startupbootcamp then guides the selected startups intensively for an additional three months to help them to secure additional funding for next stage growth.

Patrick de Zeeuw, Co-Founder Startupbootcamp Global, said: "We are very excited to have AVG as the latest partner in Startupbootcamp NFC & Contactless. AVG can provide Startupbootcamp with digital business insights and mentoring for the 10 selected companies in the Near Field Communications and Contactless Interactions program in Amsterdam."

According to ABI Research, the number of NFC devices in use will exceed 500 million in 2014, so contactless technology has the potential to make a massive impact on how people connect to devices and connect their multiple devices together. Applicants were selected on the basis of the innovation of their business in the field of contactless in particular as it relates to payments, where there are many NFC challenges including keeping such sensitive data private.

"Innovation, research and aspiration are at the heart of our product development ethos at AVG, which aligns with Startupbootcamp's goal of helping the most promising young technology companies get a head start. The three month project essentially pampers the startups by providing access to experts in their market, networking opportunities and world class mentors from the investing companies like AVG," said Shaul Levi, Chief Scientist, AVG Innovation Center, Amsterdam. "Our innovation ethos is founded on inspiring and developing new ideas both from within AVG and in mentoring others on their own path to growth. Contactless is a growing area and, with our goal of helping people keep their connected lives secure and private, it is very relevant to our own business and so we see real synergies there."

At the start of September, AVG unveiled its latest innovations as part of AVG's 2014 product portfolio which delivers the latest online security, performance and privacy products for PC, smartphone and tablet devices.

About AVG Technologies (NYSE: AVG)AVG's mission is to simplify, optimize and secure the Internet experience, providing peace of mind to a connected world. AVG's powerful yet easy-­to-­use software and online services put users in control of their Internet experience. By choosing AVG's software and services, users become part of a trusted global community that benefits from inherent network effects, mutual protection and support. AVG has grown its user base to 155 million active users as of June 30, 2013 and offers a product portfolio that targets the consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software. www.avg.com

Keep in touch with AVG

SOURCE AVG Technologies

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,723.62 +45.39 0.26%
S&P 500 2,062.11 +5.96 0.29%
NASDAQ 4,893.7070 +30.3450 0.62%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs