Support.com (SPRT) announced that it has acquired SUPERAntiSpyware, a provider of software that detects, removes and protects users against spyware, malware and other online threats.
Support said that the acquisition of SUPERAntiSpyware advances the company's business by increasing the number and type of software products Support.com offers directly to consumers and small businesses. The acquisition also enables Support.com to grow its direct business by marketing services offerings to a broader group of software customers. Finally, the acquisition broadens the product suite Support.com brings to its channel partners. The Company's channel programs typically involve the resale of Support.com services.
In addition, the company updated its financial guidance for the second quarter, expecting revenue from its current operations, excluding the acquisition, of between $13.2 - $13.5 million and a non-GAAP net loss per share of $0.05 - $0.06. This compares to prior guidance of $12.5-$13.5 million in revenue and a non-GAAP net loss per share of $0.05 - $0.08. The improved guidance is primarily driven by strength in software offerings.
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