Family Zone has recently acquired all the shares of the parental control appQustodio, and its subsidiaries in a transaction valued at $52 million.
Qustodio, based in Barcelona, was founded by Eduardo Cruz, Josep Gaspar and Josh Gabel in 2012. Currently, the application specialized in family digital wellness, is available in eight languages and accumulates more than four million users spread over more than 180 countries. Its channel partners include some of the world’s leading telecommunications operators, from countries such as Spain, France, Singapore, Mexico, Japan, Brazil and Chile.
Qustodio’s cross-platform solution has been designed to help families and educators protect the little ones from online threats, as well as to promote and make them aware of the importance of developing healthy digital habits. Its state-of-the-art tools allow you to manage and balance the use of technology, block inappropriate content and promote a healthier digital life so families and educators alike can create a safe digital experience for all children.
Scaling of operations and product expansion
The merger of both companies will accelerate their growth by scaling their operations and expanding the product.
“I melted her downion of Qustodio and Family Zone is a decisive movement in the online cybersecurity sector. It is an honor and a pleasure for us to welcome the Qustodio team to our family”says Tim Levy, CEO of Family Zone.
“Qustodio and Family Zone share a vision of a better world where educators and families can work together to create safe and enriching online experiences. this visionn comThis has led us to join forces and take a unique and revolutionary approach to addressing the cybersecurity market. This union will suppose the creation of an auténtico lworld leader in this field, with unprecedented scale and operational capabilities”says Eduardo Cruz, co-founder and CEO of Qustodio.
The proposed transaction is subject to the satisfaction of customary closing conditions, including obtaining the regulatory approval of the Spanish authorities.