M&A Deal Summary

PlaceIQ Acquires Skyhook Wireless - Geospatial Insights Business Line

On February 1, 2021, PlaceIQ acquired software company Skyhook Wireless - Geospatial Insights Business Line from Skyhook Wireless

Acquisition Highlights
  • This is PlaceIQ’s 1st transaction in the Software sector.
  • This is PlaceIQ’s 1st transaction in the United States.
  • This is PlaceIQ’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-02-01
Target Skyhook Wireless - Geospatial Insights Business Line
Sector Software
Buyer(s) PlaceIQ
Sellers(s) Skyhook Wireless
Deal Type Divestiture

Target

Skyhook Wireless - Geospatial Insights Business Line

Boston, Massachusetts, United States
Skyhook Wireless' Geospatial Insights Business Line utilizes Wi-Fi, cell, and GPSS/GNSS signals to provide a robust hybrid positioning solution to accurately locate devices in any environment. Skyhook Wireless' Geospatial Insights Business Line is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

PlaceIQ

New York, New York, United States

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

PlaceIQ is a data and technology provider that powers marketing and business decisions with location-based consumer insights. PlaceIQ was founded in 2010 and is based in New York.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 FreckleIOT

Toronto, Ontario, Canada

FreckleIOT is a business specializing in location data and foot traffic measurement. FreckleIOT was founded in 2014 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Skyhook Wireless

Boston, Massachusetts, United States

Category Company
Founded 2003
Sector Software
DESCRIPTION

Skyhook Wireless, Inc. is an operator of location technology consisting of over 5 billion geolocated Wi-Fi hotspots, and over 200 million cell towers. Skyhook's Precision Location product utilizes robust hybrid positioning technology to ensure accurate and precise location in various environments worldwide for connected devices, applications, wearables, and more. Skyhook Wireless was founded in 2003 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1