29th Jan 2020 14:27
(Alliance News) - Cybersecurity firm Avast PLC on Wednesday said it is reviewing the options for its 65%-owned Jumpshot Inc subsidiary, following allegations that the unit harvests and sells personal data.
Avast, in response to media reports published earlier this week, said it is considering whether Jumpshot "aligns" with its values. Avast itself has not "sold any personally identifiable information to a third party", it said.
The anti-virus software maker said: "The security and privacy of our users and partners remains our top priority. Avast is fully committed to giving customers control over their privacy and data choices.
"In light of recent events, we are considering how a trends analytics service such as Jumpshot aligns with our values as a cybersecurity and privacy company. As a result, Avast is reviewing all options in relation to the Jumpshot business."
The unit is expected to contribute USD36 million of Avast's adjusted revenue in 2019. Back in October, Avast said group adjusted revenue was USD647.1 million in the first nine months of the year.
Shares in Avast were 4.7% lower at 459.22 pence each in London on Wednesday afternoon. The stock is down 17% in the past week.
By Eric Cunha; [email protected]
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