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

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7fbf4f0d-2a0d-495e-ac84-9d63a52d959d
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.