Wirkle Acquired By Location Labs

Wirkle, a Gurgaon-based mobile applications development company, has been acquired by San Francisco-based Location Labs, a leading mobile and location-based services firm.

Acquired By

Seller

Wirkle

Buyer

Location Labs

Focus Sector

Mobile applications development

Wirkle a Gurgaon-based mobile applications development company, has been acquired by Location Labs, a leading mobile and location-based services firm. However; the financials of the deal were not disclosed.

Wirkle has been a profitable venture (the company claims that it has been generating millions of dollars in revenue per year) and its mobile platform for iPhone and Android is used for applications like OfficeDrop and VideoSurf.

The company is also focused on social networking, instant messaging, location-based services, multimedia streaming, banking; enterprise applications; payments and barcode scanning; among others, in the mobile space and claims that consumers across the globe use its products through various carriers like AT&T, Sprint/Nextel and Boost Mobile in North America; Telenor in Eupore and Airtel and Idea in India and other parts of Asia

Varun Khurana, CEO and co-founder of Wirkle said, “We are delighted to join the Location Labs team. Together, we will help build the next generation of mobile personal safety and security services.”

According to Location Labs; the acquisition has increased its core team and with the presence of new mobile engineers and product managers; Location Labs will now strengthen investment in its Safely suite of services.

Wirkle is responsible for building end-to-end mobile applications (including server and client side developments for iPhone, BlackBerry, Android; Symbian; Brew, Windows mobile and J2ME) — ranging from requirements, design and development to quality assurance; hosting and providing feedback.

“We were impressed by the mobile expertise of Wirkle and Volly These acquisitions of IR products and team signify a milestone for us as we accelerate our growth in the mobile personal security space;” said Tasso Roumeliotis, CEO and founder of Location Labs.

About Buyer

Established by Location Labs in 2011, Safely(SM) provides services that enhance the safety of millions of families. Nearly a dozen Tier 1 wireless carrier services are powered by Safely, helping parents to keep tabs on loved ones through mobile alerts and online activity reports.
www.LocationLabs.com

About Seller

Wirkle specialized in developing mobile platforms for iPhone and Android, including applications like OfficeDrop and VideoSurf, and focused on various mobile services like social networking, instant messaging, and location-based services.

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