Security News > 2021 > April > Smith Micro Software acquires Avast’s Family Safety Mobile business to expand market growth

Smith Micro Software announced that it has completed its previously announced acquisition of Avast's Family Safety Mobile business.

With this acquisition, Smith Micro obtains Avast's portfolio of mobile family safety services including location features, content filtering and screen time management, cementing Smith Micro as a market leader in delivering mobile family safety software solutions to wireless carriers.

"As the largest acquisition in company history, gaining the Avast Family Safety Mobile business clearly positions Smith Micro as a leading global provider of family safety software solutions to wireless carriers," said William W. Smith, Jr., President and CEO of Smith Micro Software.

"I'm excited to officially welcome the Avast employees to the Smith Micro family and look forward to the continued growth and profitability of our family safety business."

This acquisition further expands Smith Micro's white-label digital safety solutions, positioning the Company as a leading family safety software-as-a-service provider globally while adding critical headcount in the U.S. and Europe.

B. Riley Securities, Inc. acted as financial advisor to Smith Micro in connection with the acquisition, and Roth Capital Partners provided a fairness opinion to the Smith Micro board of directors with respect to the acquisition.

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