M&A Deal Summary

Latch Acquires HelloTech

On June 24, 2024, Latch acquired information technology company HelloTech

Acquisition Highlights
  • This is Latch’s 1st transaction in the Information Technology sector.
  • This is Latch’s 2nd transaction in the United States.
  • This is Latch’s 2nd transaction in California.

M&A Deal Summary

Date 2024-06-24
Target HelloTech
Sector Information Technology
Buyer(s) Latch
Deal Type Add-on Acquisition

Target

HelloTech

Los Angeles, California, United States
HelloTech is an in-home technology support service company offering tech support to clients. The company offers diagnostic solutions, support, and hands-on training for technology needs from setting up and training new smartphone users on device capabilities and features to consolidating smart home technology, enhancing IoT connectivity, boosting WiFi and cable networks, installing and mounting TVs, and much more. HelloTech was founded in 2014 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Latch

Olivette, Missouri, United States

Category Company
Sector Internet Software and Services
Employees440
Revenue 41M USD (2021)
DESCRIPTION

Latch is the maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS. LatchOS is the first multifamily operating system that brings together all the elements that make up the modern building for building managers, residents, and service providers. Its core capabilities are designed to unify operations for everyone, and building owners have the flexibility to select the specific capabilities they need to meet their needs. Latch is headquartered in Olivette, Missouri.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 Honest Day s Work

Los Angeles, California, United States

Honest Day’s Work is on a mission to enable independence through technology for residential service providers, such as housekeepers, dog walkers, electricians, and drivers. The Company aims to provide workers with more control over their businesses and enable them to deliver high-quality service to their customers. Honest Day's Work is based in Los Angeles, California.

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