M&A Deal Summary

Smith Micro Software Acquires Avast - Family Safety Mobile Business

On March 8, 2021, Smith Micro Software acquired information technology company Avast - Family Safety Mobile Business from Avast for 66M USD

Acquisition Highlights
  • This is Smith Micro Software’s 3rd transaction in the Information Technology sector.
  • This is Smith Micro Software’s largest (disclosed) transaction.
  • This is Smith Micro Software’s 1st transaction in Czech Republic.

M&A Deal Summary

Date 2021-03-08
Target Avast - Family Safety Mobile Business
Sector Information Technology
Buyer(s) Smith Micro Software
Sellers(s) Avast
Deal Type Divestiture
Deal Value 66M USD

Target

Avast - Family Safety Mobile Business

Prague, Czech Republic
Avast's Family Safety Mobile Business is a provider of mobile parental controls services including location features, content filtering, and screen time management.

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Buyer(S) 1

Buyer

Smith Micro Software

Pittsburgh, Pennsylvania, United States

website


Category Company
Founded 1982
Sector Software
Employees255
Revenue 58M USD (2021)
DESCRIPTION

Smith Micro Software is a provider of software solutions that simplify, secure and enhance the mobile experience. Smith Micro Software was founded in 1982 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 18 of 18
Sector (Information Technology) 3 of 3
Type (Divestiture) 9 of 9
Country (Czech Republic) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Moho 2D Animation Software

United States

Moho 2D Animation Software is a professional-grade animation software that will forever change what you create and how you animate.

Sell -

Seller(S) 1

SELLER

Avast

Prague, Czech Republic

website


Category Company
Founded 1988
Sector Software
Revenue 893M USD (2020)
DESCRIPTION

Avast develops avast! Free Antivirus, a free full-featured computer security application that protects more than 150 million registered users around the world from online threats. The company’s products are distributed globally through a unique ‘freemium’ business model. Avast was formed in1988 and is based in Prague, Czech Republic.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Czech Republic) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 Piriform Software

London, United Kingdom

Piriform is one of the largest providers of PC and mobile optimization software in the world, founded and based in London, UK. Their flagship product is the popular CCleaner, used by 130 million people, including 15 million Android users.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Evernym

Seattle, Washington, United States

Evernym is a provider in self-sovereign identity. Evernym's groundbreaking approach to digital identity provides consumers with autonomy over their online presence by keeping their personal information with them and out of centralized databases. Evernym was founded in 2013 and is based in Seattle, Washington.

Buy -