LifeLock (LOCK) Acquires Assets of BitYota for $12.5M

August 27, 2015 5:27 PM EDT
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On August, 21, 2015, LifeLock (NYSE: LOCK) acquired certain assets (the Acquisition) of BitYota, Inc., a Delaware corporation (BitYota), for a purchase price of approximately $12.5 million to BitYota shareholders, subject to a customary escrow fund for indemnification obligations. These include BitYota's data management platform and a team of product and development data experts who have extensive expertise in large scale data processing. The team will focus on developing new data-based products for our consumers. For the year ended December 31, 2014, BitYota would have contributed less than 0.1% to our revenue.



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