Add-on Acquisition • Internet Software and Services

Virtual Halo Acquires Safone

On March 20, 2019, Virtual Halo acquired internet software and services company Safone

Acquisition Context
  • This is Virtual Halo’s 1st transaction in the Internet Software and Services sector.
  • This is Virtual Halo’s 1st transaction in Belgium.

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M&A Deal Summary

Date March 20, 2019
Target Safone
Sector Internet Software and Services
Buyer(s) Virtual Halo
Deal Type Add-on Acquisition

Target Company

Safone

Belgium
Safone is a personal safety startup that offers a connected safety suite of technologies designed to protect and watch over its users.
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Buyer Overview 1

Buyer

Virtual Halo

Peoria, Illinois, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Virtual Halo is an advanced technology company based out of Peoria, IL USA focusing on technologies to keep people safe without anyone being able to actively track the user without their knowledge and consent. The company focuses on building personal safety solutions on mobile and wearable devices for active participants in the journey of life including: individuals, families and business, students and global travelers. From audible alarms on mobile devices, geo-fencing that provides both proactive and reactive alerts and integration with advanced Artificial Intelligence, Virtual Halo's patented and patent pending technologies weave a halo of safety surrounding the users of their personal safety technology.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Belgium 1 of 1
Year: 2019 1 of 1