Company:Smith Micro Software

Smith Micro Software, Inc

Type	Public
Traded as	NASDAQ: SMSI Russell Microcap Index component
Industry	Software
Founded	1982
Headquarters	Pittsburgh, Pennsylvania, United States
Key people	William W. Smith Jr. Chairman and CEO
Revenue	US $51.3 million (2020)
Number of employees	402 (2021)
Website	http://www.smithmicro.com

Smith Micro Software, Inc., founded in 1982 by William W. Smith, Jr., is a developer and marketer of both enterprise and consumer-level software and services. Headquartered in Pittsburgh, Pennsylvania, Smith Micro maintains multiple domestic and international offices. United States locations include Aliso Viejo, California, and Pittsburgh, Pennsylvania. International offices are located throughout Europe and Asia. Currently, the company focuses on digital lifestyle solutions and security technologies, and is integrated into the evolving wireless media industry, as indicated by partnerships with cellular service providers such as Verizon Wireless, AT&T, and Sprint Corporation, now owned by T-Mobile US after the Sprint & T-Mobile merger in April 2020.

Corporate history

Smith Micro's initial focus was on dial-up modem and fax software technology, distributing predominantly to OEM computer software/hardware manufacturers. Smith Micro established an IPO in 1995, and became publicly traded in the NASDAQ under the symbol SMSI. Initial stock values were approx. $12.75 per share.

As the company entered the 90's, dial-up internet was quickly being replaced by cable internet, DSL, and wireless broadband due to substantially higher speeds and increased reliability. This change led Smith Micro to venture into wireless and mobile network software. Network connection management became an expertise of the company and, Smith Micro quickly developed products of interest to large-scale mobile network operators such as AT&T, Bell Canada, Orange, Sprint, T-Mobile, Verizon, and Vodafone. While fax and modem-related products were still a part of their portfolio, the QuickLink Platform of wireless connection managers became a primary source of revenue in the early 2000s.

By 2005, Smith Micro acquired Allume Systems and their StuffIt data compression software. Soon after, Smith Micro acquired Israel-based image editing company, PhoTags. Smith Micro followed with two more acquisitions, (e frontier America and busineSMS.com Software.) By acquiring these smaller companies, Smith Micro rapidly expanded its consumer business presence, however the company retained focus on network and wireless-related products.

In early 2008, the company began to expand its portfolio with the addition of wireless access and mobile services. Smith Micro introduced multiple solutions for enhanced mobile communications, such as push-to-talk software, visual voicemail services, and video streaming. Smith Micro also expressed interest in WiMAX broadband, a newly developed cellular technology which was considered to be a 4G wireless protocol and the replacement of current 3G cellular systems.

In 2019, Smith Micro entered the retail technology space with its acquisition of ISM Connect, LLC’s Smart Retail product suite. Most recently, the company has continued to expand its family safety business through the acquisitions of  Circle Media Labs’ operator business in February 2020, and the Family Safety Mobile Business of Avast Software s.r.o in April 2021.

In a December 2023 interview, Bill Smith, the Chairman of the Board, President & CEO at Smith Micro Software, provided insights into the company's strategic direction. Smith discussed the development of white-label applications tailored for Mobile Network Operators and retailers, with an emphasis on brand enhancement and customer engagement. The company's main products, including the family safety application SafePath and the retail solution ViewSpot, were noted for their ongoing improvements, particularly in incorporating artificial intelligence and machine learning to improve safety features and market response. Smith also touched on Smith Micro's approach to supporting product deployment through marketing and management services aimed at delivering sustained value to their partners.

Products

Family safety

• SafePath
  • SafePath Home
  • SafePath IoT
  • SafePath Family
  • SafePath Drive

Communications

• CommSuite VVM (Visual Voicemail)
  • CommSuite VTT (Voice to Text)
  • CommSuite Cloud
  • CommSuite Caller

Smart Retail

• ViewSpot
  • ViewSpot Studio (Retail Display Management)
  • ViewSpot Dynamic Pricing Portal
  • ViewSpot Retail Analytics

Major acquisitions

Acquisition date	Company	Business	Country	Value (USD)
2005	Allume Systems	Software / Data compression	United States	$11 million
2006	PhoTags	Software / Image editing	Israel	$6 million
2007	e frontier America	Digital distribution / Graphic design	United States	--
2007	Ecutel	Software, wireless	United States	$8 million
2008	PCTel Wireless	Software / Wireless	United States	$59.7 million
2008	MxPlay	Software / Multimedia	United States	--
2009	Core Mobility	Software / Wireless	United States	$20.2 million
July 2016	iMobile Magic	Software	Portugal	$2.2 million
January 2019	ISM Connect	Software / Multimedia	United States	$9 million
February 2020	Circle Media Labs	Software / Multimedia	United States	$13.5 million
March 2021	Avast’s Family Safety Mobile Business	Software	United States	$80 million