Qustodio has a sophisticated marketing capability and a channel diversity with direct, affiliate and partner channels. Qustodio generates circa AU$16 million of Annual Recurring Revenue with 95% from its consumer channels and the remainder through its launched K-12 (education) offerings. It is well run and profitable providing services to in excess of 270,000 paid parent control accounts. Qustodio has grown consistently since its founding. Qustodio is founder led and managed with a shareholding of Founders (59%) Staff (3%) Venture Capital Investors (35%) and individual Angel investors (3%). It's now a truly comprehensive parental control solution that works on (almost) all devices.īased in Barcelona Spain, today Qustodio is a global leader in parental controls with customers in more than 100 countries and operating in 9 languages.
In the years since then, Qustodio has added multiple features and expanded to cover many operating systems. The initial product helped parents see what their kids were doing on their Windows computers in an easy-to-understand way. They built their first prototype in 2011 and officially founded Qustodio in 2012 (naming it in reference to the Latin term for guardian, 'custodia'). It was then that they had the idea to use intuitive visual data to help families keep their kids safe. At the same time, they'd been inspired by the way new analytics tools were helping businesses capture data visually. They saw the new iPhone 4 and knew that a wave of digital devices would soon enter families' homes - bringing both huge opportunities and huge risks. In 2010, Eduardo Cruz, Josh Gabel and Josep Gasper were working together in cyber security.
Our combination will represent the creation of a truly global leader in online safety with unmatched scale and capabilities. This shared vision has led us to unite forces and bring game changing unified approaches in online safety to market. " 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. We are honoured and excited to be welcoming Qustodio team into our family ". " The bringing together of Qustodio and Family Zone will be seen in time as a turning point in online safety globally. The transaction is subject to Spanish Foreign Direct Investment approval, completion of a capital raising by Family Zone and Family Zone shareholder approval of the issue of securities to the vendors.The merger of the Qustodio business into the Family Zone group will significantly expand the Company's capability and global footprint.Family Zone to acquire global leader in parental controls Qustodio for US$52 million with 52% payable upfront in a combination of cash, vendor finance and Family Zone shares and the remaining 48% payable in Family Zone shares subject to the satisfaction of performance milestones.
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