Yes, it's still in BETA.i think it is still in beta.
Ok, I have installed FileHippo App Manager 2.0 Beta 1 , and it seems way better...
First off all, it found an update for Mozilla Firefox which Kaspersky Software Updater has missed... This should not have happened as Firefox is a well known software, so I would expect that Kaspersky would let me know if an update is available.
Based on this very quick test, I would go for FilleHippo as Kaspersky's software seems to be not that great in this domain...
Unfortunately I keep everything up-to-date manually so I don't have any programs that need update to give you an inside on how it works]