Smith Micro Software said it is exploring strategic options and looking at new market opportunities for its QuickLink IoT product line. To help with the evaluation process, the company has hired Palmares Advisors as its financial advisor. CEO William Smith wants to determine the best growth opportunities for the IoT product line and see where the company can lead the market. To help achieve this, the CEO said Smith Micro Software will continue to invest into new innovations, while delivering the best value for shareholders.

The QuickLink IoT platform and technology suite provides systems for end-to-end security, robustness, scalability and on-device intelligence for connected businesses, smart cities, industrial IoT applications and smart home and consumer applications.