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

August 27, 2015 5:27 PM EDT

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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions