Family tracking app Life360 to acquire wearable location device Jiobit for $37M

Popular family tracking app Life360 is investing in hardware. The company this morning announced the $37 million acquisition of Chicago-based Jiobit, the maker of a wearable location device designed for use by families with younger children, pets or seniors. The $37 million is primarily in stock and debt, Life360 notes, but if certain performance metrics … Continue reading Family tracking app Life360 to acquire wearable location device Jiobit for $37M