Barcelona-based Qustodio has been acquired by Family Zone in a full buyout at $52 million. With both companies operating in the same market of keeping kids safe(r) on the internet, the merger will see a combined force with greatly expanded capacity and geographical presence. The acquisition will mark an exit for Qustodio investors Kibo Ventures and W8 Ventures.
Founded in 2012, Qustodio provides both parents and educators with the ability to keep the great minds of tomorrow safe while online. The company counts some 4 million users benefiting from its octolingual services in over 180 countries, with telecom partner agreements in place in Spain, France, Singapore, Mexico, Japan, Brazil, and Chile.
“Qustodio and Family Zone share the view of a better world where schools, parents, and children can work together to create safe and enriching online experiences,” commented Qustodio CEO Eduardo Cruz. “This shared vision has led us to unite forces and bring game-changing unified approaches in online safety to the market. Our combination will represent the creation of a truly global leader in online safety with unmatched scale and capabilities.”
The transaction is naturally subject to customary closing conditions and regulatory approval from the Spanish Government.
“The bringing together of Qustodio and Family Zone will be seen in time as a turning point in online safety globally. We are honored and excited to be welcoming the Qustodio team into our family,” added Family Zone’s managing director Tim Levy.
Lead image (l to r): Qustodio co-founders Josep Gaspar, Eduardo Cruz, Josh Gabel.