M&A Deal Summary

Qoria Acquires Smoothwall

On August 6, 2021, Qoria acquired information technology company Smoothwall from Tenzing Private Equity for 76M GBP

Acquisition Highlights
  • This is Qoria’s 1st transaction in the Information Technology sector.
  • This is Qoria’s 0th largest (disclosed) transaction.
  • This is Qoria’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-08-06
Target Smoothwall
Sector Information Technology
Buyer(s) Qoria
Sellers(s) Tenzing Private Equity
Deal Type Add-on Acquisition
Deal Value 76M GBP

Target

Smoothwall

Leeds, United Kingdom
Smoothwall is a provider of dynamic web filtering technology for the education and public sectors. With both on-premise and cloud-based offerings, it has an established presence in the UK and a growing footprint in both the US and international markets. Smoothwall pioneered real-time, content-aware analysis that filters incoming web traffic to protect school children and other audiences from inappropriate, illegal, or harmful websites. Smoothwall was founded in 2001 and is based in Leeds, United Kingdom.

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Buyer(S) 1

Buyer

Qoria

Perth, Australia
Category Company
Founded 2014
Sector Internet Software and Services
Employees500
Revenue 81M AUD (2023)
DESCRIPTION

Qoria is a technology company focused on cyber safety. Meeting a growing demand to keep kids safe online and manage digital lifestyles, Qoria has developed a unique and innovative cloud-based solution which combines Australian innovation with leading global technology. Family Zone brings together the best Cyber Experts, organisations and technologies into one easy-to-use system. We developed it, we use it, and now we want to share it, so that everyone can enjoy the same peace of mind that we do. Qoria was founded in 2014 and is based in Perth, Australia.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Linewize Services

Christchurch, New Zealand

Linewize Services Ltd. is a provider of cyber security and safety services in New Zealand. Linewize is passionate about making student internet management easy. Company help school teachers ensure that student internet use is constructive and education focussed. Linewize tools work with existing networks to create an online environment that respects student agency whilst highlighting inappropriate use.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Qustodio

Barcelona, Spain

Qustodio is a provider of cross-platform solution allows parents and educators to protect children from online harm, while also promoting healthy digital habits and awareness. Qustodio was founded in 2012 and is based in Barcelona, Spain.

Buy $52M

Seller(S) 1

SELLER

Tenzing Private Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Tenzing Private Equity is a growth oriented private equity investor focused on in founder owned tech and tech-enabled businesses. The Firm seeks businesses valued from £10 to £200 million and operating in the UK and Northern Europe. Target companies typically exhibit high recurring revenue with strong organic growth and provide mission critical B2B products/services. Tenzing Private Equity Was formed in 2015 and is headquartered in London.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Gravita

London, United Kingdom

Gravita offers expert insight into the topical issues affecting businesses and individuals Gravita's clients include private individuals, entrepreneurs, and businesses across Capital Markets, Hospitality, Retail, Creative and Media, Technology, and Property. Gravita is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Mandata

Newcastle Upon Tyne, United Kingdom

Mandata is a provider of software that allows road transport operators to manage workflow and data more effectively. Its transport management software integrates a suite of end-to-end products, including traffic planning and management, tracking, telematics and invoicing. Mandata was founded in 1974 and is headquartered in Newcastle Upon Tyne, United Kingdom.

Buy -
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