ASX-listed cyber safety and security company Family Zone (ASX:FZO) has agreed to acquire cyber safety firm Qustodio for US$52 million.
Qustodio is a world leading parental control provider based in Spain with a large US presence. The deal brings together two companies that are world leaders in providing online safety tools and advice for children, parents and schools.
Partner Hedley Roost said: “This merger is a significant achievement for Family Zone as it aligns with Family Zone’s strategy to expand its feature sets to be a compelling global solution. Family Zone and Qustodio complement each other and together they will have a significant global footprint in the growing cyber security space aimed at families.”
Thomson Geer is advising Family Zone on all aspects of the merger and its associated capital raising
“We’re proud to be part of a deal that will help children around the world access the online world in a safe way,” Hedley said.
The Thomson Geer team comprises Partners Hedley Roost and Scott Gibson and Lawyer Sarah Urquhart. The Thomson Geer team is being supported by Gibson Dunn in the US and Uría Menéndez in Spain.
Azure Capital is acting as corporate adviser to Family Zone.