Smith Micro SMSI stock is up in pre-market trading on February 13, 2020, after the company announced that it has acquired operator business from Circle Media Labs Inc.

Smith Micro Software (NASDAQ: SMSI) said that it has purchased the operator division of Circle Media Labs Inc. Pursuant to the transaction, Smith Micro has acquired certain assets, such as customer contracts and a perpetual source code license to Circle’s robust parental control software. This recently acquired technology will further enhance Smith Micro’s SafePath Connected Life Platform, offering a thorough connected life experience for Family Location and Parental Controls, IoT, and Home under a unified experience.

The acquisition builds on the Smith Micro portfolio and will improve the overall capabilities of this SafePath platform, combining two industry-leading solutions. The joint solutions will further bolster SafePath’s digital parenting value proposition in the operator market with applications to optimize parental controls inside and out the house.

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