M&A Deal Summary

Smith Micro Software Acquires ISM Connect - Smart Retail Product Suite

On December 18, 2018, Smith Micro Software acquired internet software and services company ISM Connect - Smart Retail Product Suite from ISM Connect for 10M USD

Acquisition Highlights
  • This is Smith Micro Software’s 2nd transaction in the Internet Software and Services sector.
  • This is Smith Micro Software’s 6th largest (disclosed) transaction.
  • This is Smith Micro Software’s 13th transaction in the United States.
  • This is Smith Micro Software’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-12-18
Target ISM Connect - Smart Retail Product Suite
Sector Internet Software and Services
Buyer(s) Smith Micro Software
Sellers(s) ISM Connect
Deal Type Divestiture
Deal Value 10M USD

Target

ISM Connect - Smart Retail Product Suite

Doylestown, Pennsylvania, United States
ISM Connect LLC - Smart Retail Product Suite platform enables wireless carriers and retailers to bring interactive demos that deliver consistent, targeted and secure content, including messaging and advertising campaigns to smart phones and tablets.

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Buyer(S) 1

Buyer

Smith Micro Software

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1982
Sector Software
Employees231
Revenue 41M USD (2023)
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 16 of 18
Sector (Internet Software and Services) 2 of 2
Type (Divestiture) 7 of 9
State (Pennsylvania) 1 of 1
Country (United States) 13 of 14
Year (2018) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Mobile Experience Lda.

Braga, Portugal

Mobile Experience Lda. (iMobileMagic) is a provider of consumer applications on smartphones, tablets and wearables to ensure the safety and protection of children, elderly, and other family members who require extra care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 Smith Micro Software - Poser 3D Rendering & Animation Software

Aliso Viejo, California, United States

Smith Micro Software, Inc. - Poser 3D Rendering & Animation Software is a 3D computer graphics program optimized for 3D modeling of human figures. It is known for enabling digital artists to easily produce 3D animations and digital images, as well as the extensive availability of third-party digital content.

Sell -

Seller(S) 1

SELLER

ISM Connect

United Kingdom
Category Company
Sector Internet Software and Services
DESCRIPTION

ISM Connect is a provider of an integrated 360° engagement platform. A seamless integration between digital displays and mobile devices dramatically enhances consumer engagement at the venue and beyond. ISM Connect’s unique operating model generates incremental revenue for venues, provides consumers with valuable information and deals, and gives brands the leverage of a fully-integrated activation network that allows them to build meaningful relationships with fans.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 CrowdJoy

Doylestown, Pennsylvania, United States

CrowdJoy LLC is a developer of an event app that increases revenue while providing attendees with engaging experiences that drive foot traffic. CrowdJoy was founded in 2012 and is based in Doylestown, Pennsylvania.

Buy -
Mergr

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