We are thrilled to announce that Roam.ai has been acquired by Echo Analytics. This acquisition represents a significant milestone for both companies and positions us for continued growth and innovation in mobile location technology, and location intelligence sectors. We believe that together with Echo Analytics, we can provide a 360 degree one-stop shop location platform.
About Echo Analytics: Founded in 2021, Echo Analytics is a leading global provider of geospatial data analytics and business intelligence solutions. Their ready-to-use Plug & Play format helps companies extract critical insights without the data overwhelm. This lets companies innovate faster by making the world easier to understand in a proactive manner, whilst decreasing expenses.
About Roam.ai: Founded in 2017, Roam.ai is a location tracking technology and solutions provider for mobile app publishers. Their Location SDK and APIs empowers developers to build highly accurate location-aware mobile apps without compromising battery life. This enables businesses to seamlessly integrate premium location technology into their mobile apps, ensuring both accuracy and efficient battery management for optimal user experiences.
Customers of Roam.ai can expect business as usual during the transition process. Keeping the Roam.ai brand was a straightforward decision by Echo’s team due to its strong affinity with customers and brand recognition. This made it an obvious choice for it to be maintained. Roam.ai will continue to uphold its commitment to privacy, and its location data will remain within the company. Our dedicated team will continue to support and enhance the products and services our customers rely on.
Concerning the future roadmap and benefits for customers, Roam.ai’s team, technology, and location data expertise will be integrated with Echo Analytics’ strong portfolio of geospatial data sets and platform. This bridging will benefit customers as it introduced a comprehensive suite of products and services, positioning us to serve our customers, along with Echo Analytics’ customers, better.
The founders and the existing teams have been retained and are committed to continue with Roam.ai and the Echo Analytics team.
We are eager to embark on this journey with Echo Analytics and continue our goal of empowering developers to build the best possible location-aware mobile apps, whilst becoming the one-stop shop for location solutions. This acquisition will undoubtedly enhance our collective ability to provide innovative location solutions, drive growth, and create value for all stakeholders.
Terms of the deal were not disclosed.