Tile, known for its range of Bluetooth-based tracking accessories that compete with Apple’s AirTag, has been acquired by the Life360 location service.
Tile will continue to be operated as a standalone business under the leadership of the company’s current CEO, CJ Prober. Tile says that when the acquisition is complete, it will be able to leverage the 33 million users of Life360 smartphones to make grow the Finding network of Tile by ten times. Tile’s Finding Network can be seen as the equivalent of Apple’s Where’s Network, which uses nearby devices to locate lost and found items.
Life360 has a “family safety platform” that allows family members to keep an eye on each other with monitoring software on smartphones. It is mainly used by parents to keep track of their children and teenagers and indeed raised privacy issues.
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With the acquisition of Tile, Life360 founder Chris Hulls says the company will be able to provide an “all-in-one solution” to locate people, pets and things with cross-platform monitoring and a combined service for tracking. objects and people.
Life360’s Tile acquisition agreement has a value of 205 million dollars and is expected to end in the first quarter of 2022.