News
AVG Technologies Reinforces Leadership Team with European Investment Veteran
Taps Intel Capital’s Ashish Patel to Drive Corporate Development Activities
AMSTERDAM, May 12, 2010 – AVG Technologies, developers of the world’s most popular free anti-virus software, today announced that investment industry expert and AVG Board member, Ashish Patel, has joined the AVG executive management team. Patel brings 20 years of investment experience to the role of Senior Vice President, Corporate Development, where he will assist AVG through its next phase of growth.
“I am a keen supporter and a significant investor in AVG. I look forward to being part of the management team and help AVG with its next phase of expansion,” said Patel. “The opportunity to leverage AVG’s innovative business model to continue to take market share through product enhancement and geographic expansion is enormous. AVG is a trusted brand with great products and a massive customer base. It is the perfect platform to help protect people who are part of AVG’s online community.”
Most recently, Patel was managing director and a member of the Management Review Committee at Intel Capital, a global leader in strategic investing, where he was responsible for the Europe, Middle East, and Africa region and led investments in more than 50 technology start ups. He joined Intel Capital in 1999 and was a founding member of the firm in Europe and opened the London, Moscow, Dubai and most recently, Johannesburg offices. Patel was an early backer of open source software and lead Intel’s strategic investments into Suse and MySQL as well as opening up new emerging markets through investments such as Yandex and AVG.
“It is exciting to bring Ashish Patel into our executive team from the Board, as his skill set is critical to AVG in this stage of our development,” said J.R. Smith, CEO, AVG Technologies. “I’ve had the privilege of working with him for the past three years, and in so doing,leverage his insights into technology, software, security and geographic expansion to help grow the business. Ash is a essential addition to the management team and an outstanding fit for the business at this stage of growth.”
Prior to Intel Capital, Patel was an investment director with Actis, a leading private equity investor in emerging markets, where he was a member of the telecom team. Patel qualified as an ACA with Coopers & Lybrand where he was engaged with corporate finance advisory activity mainly with large-cap international businesses. He serves on several boards, including AVG, Colibrys, and IP Access. Patel holds a B.Sc. in Economics from London School of Economics.
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About AVG Technologies
AVG is a global security software maker protecting more than 110 million consumers and small businesses in 170 countries from the ever-growing incidence of web threats, viruses, spam, cyber-scams and hackers on the Internet. AVG has nearly two decades of experience in combating cyber crime and one of the most advanced laboratories for detecting, pre-empting and combating Web-borne threats from around the world. Its free, downloadable software allows novice users to have basic anti-virus protection and then easily upgrade to greater levels of safety and defense when they are ready. AVG has nearly 6,000 resellers, partners and distributors globally including Amazon.com, CNET, Cisco, Ingram Micro, Play.com, Wal-Mart, and Yahoo!
Source: www.avg.com/press-releases-news
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