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Smith Micro Divests ViewSpot to Focus on Family Safety Solutions, CEO Announces
ByAinvest
Thursday, Jun 5, 2025 3:10 am ET1min read
Smith Micro Software has divested its ViewSpot platform to focus on its SafePath family safety solutions. The transaction was completed on June 3, allowing the company to concentrate resources on the SafePath platform. This move aligns with the company's strategic plan to concentrate on its core business.
Smith Micro Software, Inc. (Nasdaq: SMSI) has completed the divestiture of its ViewSpot® platform to a US-based company, marking another strategic move in the company's plan to concentrate on its SafePath® family safety solutions. The transaction was finalized on June 3, 2025, allowing Smith Micro to redirect its resources towards the SafePath platform.William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro, commented on the divestiture, stating, “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” [1]. The company's upcoming release of SafePath 8, which includes AI-powered family safety features, and the growth potential offered by innovations like the SafePath Kids rate plan solution and SafePath OS-powered phones for kids and seniors, are expected to drive future growth and profitability.
Smith Micro's decision to focus on its core family safety business aligns with its strategic plan to enhance the mobile experience and provide solutions to leading wireless service providers worldwide. The company's Digital Family Lifestyle™ solutions and powerful voice messaging capabilities have enriched connected lifestyles and created new engagement opportunities via smartphones and consumer IoT devices.
Forward-looking statements in the press release highlight potential risks and uncertainties that could affect actual results, including development delays, resource allocation, customer adoption, and competition from other software and technology companies [1]. Smith Micro does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.
References:
[1] https://www.morningstar.com/news/business-wire/20250604823487/smith-micro-divests-viewspot-retail-display-management-product-to-focus-on-family-safety-solutions
[2] https://www.stocktitan.net/news/SMSI/smith-micro-divests-view-spot-retail-display-management-product-to-dq8jokm7h6y3.html
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