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Announced

Completed

Smith Micro Software completed the acquisition of family safety mobile business from Avast for $66m.

Financials

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Transaction Value£48m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United States

Security Services

Private

Domestic

Acquisition

Single Bidder

security services

Friendly

Completed

Majority

Synopsis

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Smith Micro Software, a developer and marketer of both enterprise and consumer-level software and services, completed the acquisition of family safety mobile business from Avast, a multinational cybersecurity software company, for $66m. “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,” William W. Smith, Smith Micro Software President and CEO.

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