Smith Micro Software

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,[1] AT&T,[2] and Sprint Nextel.[3]

Smith Micro Software, Inc
TypePublic
NASDAQ: SMSI
Russell Microcap Index component
IndustrySoftware
Founded1982
Headquarters
Pittsburgh, Pennsylvania, United States
Key people
William W. Smith Jr.
Chairman and CEO
Revenue 26.28 million
Number of employees
160 (2019)
Websitehttp://www.smithmicro.com

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.[4]

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.)[5] 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,[6] a newly developed cellular technology which was considered to be a 4G wireless protocol and the replacement of current 3G cellular systems.

In February 2020, Smith Micro acquired the operator business from Circle Media Labs for $13.5 million.[7]

Products

Family safety
  • SafePath
    • SafePath Home
    • SafePath IoT
    • SafePath Family

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

Graphics

Major acquisitions
Acquisition date Company Business Country Value (USD)
July 2005 Allume Systems Software / Data compression  United States $11 million
April 2006 PhoTags Software / Image editing Israel $6 million
December 2007 e frontier America Digital distribution / Graphic design  United States --
February 2007 Ecutel Software, wireless  United States $8 million
January 2008 PCTel Wireless Software / Wireless  United States $59.7 million
December 2008 MxPlay Software / Multimedia  United States --
September 2009 Core Mobility Software / Wireless  United States $20.2 million
July 2016 iMobile Magic Software Portugal $2.2 million
2019 ISM Connect Software / Multimedia  United States $9 million

References
  1. Verizon Wireless Chooses Smith Micro Technology to Support New VZAccess Manager
  2. Smith Micro to buy PCTEL unit for $59.7 million
  3. Smith Micro Bags Sprint
  4. Google Finance Chart: SMSI
  5. Smith Micro Announces The Acquisition Of busineSMS.com Software
  6. Smith Micro Teams Up to Maximize WiMAX User Experience
  7. "BRIEF-Smith Micro Acquires Operator Business From Circle Media Labs". www.msn.com. Retrieved 2020-03-24.
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