Tile is to become part of Life360 as part of a US$200+ million deal
Life360 offers an Android and iOS app of the same name that allows groups such as families to form private "circles" within which their members' location and movements can be tracked and shared. This, according to the company, creates a smart security bubble for the users in question. Now, it has made its plans to expand its operations through the absorption of Tile official.
This, according to Tile and Life360, will allow the 2 companies to combine and thereby advance their respective location-tracking services. For example, they project that the former's hardware-based Network will be greatly expanded thanks to the software and 33 million-strong user-base of the latter.
All in all, Life360 now asserts that Tile will form part of a future "world leader in finding and location solutions" on its acquisition. The process is to become complete in the first quarter of 2022.
Source(s)
