Smith Micro Divests ViewSpot® Retail Display Management Product to Focus on Family Safety Solutions
Strategic move supports sharpened focus on family safety business
Smith Micro Software, Inc. (NASDAQ:SMSI) today announced that it has sold its ViewSpot® platform to a US-based company. The divestiture is another milestone in the Company's strategic plan to focus on its SafePath® family safety solutions.
"Divesting ViewSpot allows us to further concentrate our resources on our SafePath platform, delivering innovative family safety solutions to our customers and their end users," said William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro. "With our upcoming release of SafePath 8 and its AI-powered family safety features, and the growth potential offered by innovations like our SafePath Kids rate plan solution and SafePath OS-powered phones for kids and seniors, we see tremendous opportunity ahead," Smith added. "We are laser focused on capitalizing on the demand for family safety, delivering value to our customers, and returning the Company to growth and profitability."
The transaction was completed on June 3, 2025.
About Smith Micro Software, Inc.
Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers around the world. From enabling Digital Family Lifestyle™ solutions to providing powerful voice messaging capabilities, our solutions enrich today's connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT devices. For more information, visit www.smithmicro.com. Smith Micro and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements regarding future events or results within the meaning of the Private Securities Litigation Reform Act, including statements related to the future availability of Smith Micro's products and services and/or upgrades, updates and enhancements to our products and services, other projections of outlook or performance and future business plans, and the benefits that Smith Micro believes our solutions will offer to our customers and to their end users, and statements using such words as "expect," "anticipate," "believe," "plan," "intend," "could," "will" and other similar expressions. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Among the important factors that could cause or contribute to such differences are unanticipated delays or obstacles in our development and release cycles, the degree to which competing business needs or resource availability may affect our allocation of resources to planned projects, the degree to which our customers adopt, offer and promote our products and services and our planned upgrades, updates and enhancements thereto or the degree to which their end users adopt our products and services and our planned upgrades, updates and enhancements thereto in the time period that we expect or at all, our reliance on third party application stores for the distribution of our software applications and any barriers to such distribution, including any delay or failure of such third party to approve new versions of our applications or their implementation and/or application of policies that may be harmful to our business, our ability to attract and retain key technical personnel that are essential to our product development efforts, changes in demand for our products from our customers or their end users, changes in requirements for our products imposed by our customers or by the third party providers of software and/or platforms that we use, new and changing technologies and customer acceptance and timing of deployment of those technologies, and our ability to compete effectively with other software and technology companies. These and other factors discussed in our filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management, and we do not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250604823487/en/
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