There’s action in the family cyber protection space – and is there more to come?

August 29, 2021

The head of cyber filtering mob Family Zone (FZO), Tim Levy is bemused about the lack of cyber protection policies covering schools and parents when home schooling became the norm during the pandemic.

In essence, because the schools administer the devices the parents can’t install the fileting tools (easily at least).

Family Zone this month pulled off the purchase of UK based Smoothwall, thus tripling its annualised recurring revenue (ARR) to circa $45 million.

The $140 million cash purchase was funded by an $146 million rights issue at 55 cents. Whilst struck at an 8 per cent discount, the shares resumed trading on August 9 Monday at a 27 percent per cent premium and remain 20 per cent above this offer price.