This component is part of the Spigot browser add-on, a web browser addition that is designed to modify the core search provider in order to redirect search queries through partner portals. The application PreferencesManager.exe, “Preferences Manager” by Spigot has been detected as adware by 1 anti-malware scanner with very strong indications that the file is a potential threat. It is set to automatically execute when any user logs into Windows (through the local user run registry setting) with the name ‘SearchSettings’.