San Francisco tech company Life360 is acquiring Chicago-primarily based Jiobit in a deal that can assist reassure dad and mom who want to know where their children are. On Monday, Life360 announced that it entered a tentative, non-binding settlement with Jiobit to amass the company for $37 million. Life360 added that the greenback amount could enhance to $54.5 million if certain efficiency metrics are met within the two years following the deal. Founder and CEO John Renaldi started Jiobit after a scary experience, the place he lost his six-yr-previous son in a crowded Chicago park for iTagPro geofencing greater than half-hour. After the incident, iTagPro product Renaldi searched for a wearable gadget that would help him keep observe of his son, but he wasn’t glad with any of the accessible products. Jiobit has created a small machine that makes use of GPS, cellular knowledge, bluetooth and Wi-Fi to point out its location always by a corresponding app. Parents can use this gadget to entry correct info on where their children, pets or older family members are.

The system is also long-lasting, so it may possibly go several days between prices. Life360 is a popular tech company throughout the household-monitoring area, with over 26 million month-to-month lively customers across 195 nations as of December of 2020. Its cell app allows households to share their location, talk with each other or iTagPro online get numerous safety updates. But Life360 works by utilizing a phone’s built-in GPS tracker and accelerometer so as to track a person. This is nice for a guardian who wants to trace their teenager who has a smartphone, but won’t work if the trackee doesn’t have a cellphone. By buying Jiobit, Life360 shall be ready to incorporate the company’s hardware, and supply portable tracking tag solutions for younger youngsters, pets and the elderly - giving Life360 extra space to expand. "We’ve long wished to broaden beyond the smartphone into wearable gadgets, and Jiobit offers the market-main gadget for pets, younger children, and seniors," Life360 CEO and co-founder Chris Hulls stated in a statement. "With Jiobit, Life360 can be the market chief in each hardware and software merchandise for households as soon as the deal closes. "Life360, because the leading smartphone platform for families, is the pure home for Jiobit," Renaldi added. "We have the identical shared lengthy-time period vision around the way forward for the digitally native family, and this roll-up is a natural accelerator.

Geofencing is a know-how quietly reshaping the advertising and portable tracking tag marketing and shopper engagement landscape. It establishes virtual boundaries around physical spaces, linking your system to businesses and portable tracking tag providers effortlessly. Whenever you step throughout these boundaries, portable tracking tag you obtain well timed messages - reductions, occasion reminders or exclusive gives - all custom-made to your location. While this tech advantages specific sectors, iTagPro geofencing it raises main privacy concerns because it includes monitoring your location, which can result in questions about knowledge privateness and consent. Geofencing is a digital expertise that establishes digital boundaries round a particular geographical area. It's like drawing an invisible fence on a map round a place, equivalent to a espresso shop, a park or a whole neighborhood. This technology screens devices like smartphones - which depend on GPS, WiFi or cellular information - as they enter or exit these defined areas. It also tracks radio-frequency identification (RFID) tags (compact gadgets that transmit information wirelessly like contactless car keys) as they move throughout these virtual boundaries.

The widespread use of smartphones with constructed-in GPS capabilities made it simpler for companies and builders to implement geofencing options in cellular apps. Simultaneously, the rise of location-primarily based providers and applications, similar to navigation apps, social media test-ins and retail store locators, led to the incorporation of geofencing expertise to reinforce person experiences. A retailer selects a geographical location around their store to set up the geofence, inputting geographical coordinates into software to outline this invisible boundary. Customers should grant location entry on their smartphones for the geofencing to be efficient. These permissions ensure the system can precisely detect the gadget's location. As a buyer approaches the shop, the geofencing system monitors their smartphone's location in relation to the geofenced geographical location. Crossing into this area triggers the system to recognize the customer's entry primarily based on the continuous location data provided by their smartphone. This entry into the geofence prompts a predefined action, reminiscent of sending a push notification to the shopper's smartphone.

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Pub: 10 Sep 2025 09:10 UTC

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