AVG Technologies Acquires Location Labs for $220,000,000

  • Feed Type
  • Date
    9/3/2014
  • Company Name
    Location Labs
  • Mailing Address
    5980 Horton Street Emeryville, CA 94608 USA
  • Company Description
    Location Labs is a pioneer in location-based alerts and blogging. WaveIQ, the company’s software product suite, enables users to receive notifications based on user movements or location triggers.
  • Website
    http://www.locationlabs.com
  • Transaction Type
    M&A
  • Transaction Amount
    $220,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    AVG will pay approximately $140 million initially, plus up to an additional approximately $80 million in cash consideration over the next two years based on the achievement of certain performance metrics and milestones.

Trending on Xconomy