Tech Company M&A Transactions

Loopt Acquisition

On 3/9/2012, Loopt was purchased by Green Dot. The parties disclosed the acquisition price to be $43.4 million.

Transaction Overview

Company Name
Acquired By
Announced On
3/9/2012
Transaction Type
M&A
Amount
$43,400,000
M&A Terms
Green Dot will pay total consideration of $43.4 million in cash for the company, which includes approximately $9.8 million to be set aside as a retention pool for key Loopt employees.

Company Information

Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
590 W. El Camino Real
Mountain View, CA 94040
USA
Phone
Undisclosed
Email Address
Overview
Loopt is a Palo Alto-based startup that has built a revolutionary social mapping service to change the way people use mobile phones to keep in touch with their friends.
Profile
Loopt LinkedIn Company Profile
Social Media
Loopt Company Twitter Account
Company News
Loopt News
Facebook
Loopt on Facebook
YouTube
Loopt on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Sam Altman
  Sam Altman LinkedIn Profile  Sam Altman Twitter Account  Sam Altman News  Sam Altman on Facebook
Chief Operating Officer
Brian Knapp
  Brian Knapp LinkedIn Profile  Brian Knapp Twitter Account  Brian Knapp News  Brian Knapp on Facebook
Chief Technical Officer
Nick Sivo
  Nick Sivo LinkedIn Profile  Nick Sivo Twitter Account  Nick Sivo News  Nick Sivo on Facebook
Co-Founder
Alok Deshpande
  Alok Deshpande LinkedIn Profile  Alok Deshpande Twitter Account  Alok Deshpande News  Alok Deshpande on Facebook
President
Steve Boom
  Steve Boom LinkedIn Profile  Steve Boom Twitter Account  Steve Boom News  Steve Boom on Facebook
VP - Bus. Development
Brian Knapp
  Brian Knapp LinkedIn Profile  Brian Knapp Twitter Account  Brian Knapp News  Brian Knapp on Facebook
VP - Marketing
Susan Doherty
  Susan Doherty LinkedIn Profile  Susan Doherty Twitter Account  Susan Doherty News  Susan Doherty on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/9/2012: Virtustream venture capital transaction
Next: 3/9/2012: Cerahelix venture capital transaction

 

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We do our best to document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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