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Smith Micro Acquires Operator Business from Circle Media Labs for USD 13.5m
Friday 14 February 2020

14 February 2020 - US Smith Micro Software, Inc. (NASDAQ: SMSI) has acquired the operator business of US Circle Media Labs Inc. to expand the Smith Micro portfolio and enhance the overall capabilities of the SafePath platform, the company said.
Pursuant to the terms of the transaction, Smith Micro acquired certain assets, including customer contracts and a perpetual software license for a purchase price of approximately USD 13.5m in cash. In addition, with this acquisition, Smith Micro has added two key customers, T-Mobile USA and Sky, to the list of operators it serves.
The combined solutions will further bolster SafePath's digital parenting value proposition in the operator marketplace with applications to optimise parental controls inside and outside of the home.
B. Riley FBR, Inc. served as financial advisor, and Buchanan Ingersoll and Rooney PC served as counsel to the company.
Smith Micro Software, Inc. develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers and cable MSOs around the world.
Details
Date Published: 14/02/2020
Target: US Circle Media Labs Inc
Country: USA
Deal Size: 13.5m (USD)
Sector: Computer Software
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Micro Software, Inc
Buyer Advisor: B. Riley FBR, Inc , Buchanan Ingersoll and Rooney PC
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