![]() The deal is expected to close mid-April 2021. “This agreement gives Avast’s Partner team the opportunity to focus on building out our priority cybersecurity and privacy offerings and to expand into new vertical markets as well as the telecommunications space by partnering with Smith Micro to deliver our products and services to their customers as well as ours.” “Forecasts indicate there will be 24.1 billion active IoT devices by 2030 1 so we see great potential for our core digital security solutions as people’s lives become increasingly connected,” said Nick Viney, Senior Vice President, Avast Partner. Avast will retain its carrier IoT security and in-home protection services, such as those provisioned through the Avast Smart Life platform and the award-winning Avast Omni product, and continue to serve its existing non-family customer base with these solutions. With this acquisition, Smith Micro intends to further expand its white-label digital safety solutions, strengthening its position as a leading family safety software-as-a-service (SaaS) provider on a global basis while allowing Smith Micro to add critical headcount in the U.S. “The acquisition will create one of the leading family safety software solutions providers for wireless carriers and will blend two highly experienced and talented development teams.” Smith, Jr., President and CEO of Smith Micro Software. “Acquiring the Family Safety Mobile Business from Avast will present a significant opportunity for Smith Micro to transform the global market for carrier-grade digital family mobile software,” said William W. ![]() The acquisition encompasses Avast’s portfolio of mobile parental controls services including location features, content filtering and screen time management, and will cement Smith Micro as a market leader in delivering family mobile software solutions to the carrier industry. (the “Company” or “Smith Micro”) (NASDAQ: SMSI) and Avast plc (“Avast”) (LSE: AVST) today announced a definitive agreement under which Smith Micro will acquire Avast’s Family Safety Mobile Business. PITTSBURGH, PA, USA and LONDON, UNITED KINGDOM, Ma– Smith Micro Software, Inc. Smith Micro announces intention to acquire Avast’s Family Safety Mobile Business and establish reciprocal preferred partner status
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