San Francisco tech firm Life360 is buying Chicago-based mostly Jiobit in a deal that will assist reassure dad and mom who want to know the place their youngsters are. On Monday, Life360 introduced that it entered a tentative, non-binding agreement with Jiobit to acquire the corporate for $37 million. Life360 added that the dollar quantity might increase to $54.5 million if sure performance metrics are met inside the 2 years following the deal. Founder and iTagPro CEO John Renaldi began Jiobit after a scary expertise, the place he lost his six-yr-old son in a crowded Chicago park for more than 30 minutes. After the incident, Renaldi searched for a wearable machine that might help him keep track of his son, however he wasn’t happy with any of the out there products. Jiobit has created a small system that uses GPS, ItagPro cellular knowledge, bluetooth and Wi-Fi to indicate its location at all times through a corresponding app. Parents can use this machine to entry accurate information on the place their kids, iTagPro features pets or ItagPro older relations are.

The machine can also be lengthy-lasting, iTagPro features so it may possibly go several days between charges. Life360 is a popular tech company inside the household-tracking house, with over 26 million month-to-month lively customers throughout 195 international locations as of December of 2020. Its mobile app permits families to share their location, communicate with one another or get varied safety updates. But Life360 works by utilizing a phone’s constructed-in GPS tracker and accelerometer in order to trace a person. This is great for a mother or father who needs to track their teenager who has a smartphone, iTagPro features but won’t work if the trackee doesn’t have a cellphone. By acquiring Jiobit, Life360 will probably be ready to incorporate the company’s hardware, and provide tracking solutions for younger youngsters, pets and the elderly - giving Life360 more space to increase. "We’ve long wished to develop beyond the smartphone into wearable gadgets, and Jiobit presents the market-leading machine for pets, younger children, and seniors," Life360 CEO and co-founder Chris Hulls mentioned in a statement. "With Jiobit, Life360 could be the market chief in each hardware and software products for households once the deal closes. "Life360, as the leading smartphone platform for iTagPro features households, iTagPro features is the natural house for Jiobit," Renaldi added. "We have the same shared lengthy-time period imaginative and prescient around the future of the digitally native family, and this roll-up is a pure accelerator.

Geofencing is a know-how quietly reshaping the marketing and iTagPro geofencing shopper engagement panorama. It establishes virtual boundaries around bodily spaces, linking your device to businesses and providers effortlessly. If you step across these boundaries, you obtain timely messages - discounts, event reminders or exclusive provides - all customized to your location. While this tech benefits particular sectors, it raises major privateness considerations because it involves tracking your location, which might result in questions about knowledge privateness and consent. Geofencing is a digital know-how that establishes virtual boundaries around a specific geographical area. It's like drawing an invisible fence on a map around a spot, akin to a espresso shop, a park or an entire neighborhood. This know-how screens gadgets like smartphones - which rely on GPS, WiFi or cellular data - as they enter or exit these outlined areas. It additionally tracks radio-frequency identification (RFID) tags (compact units that transmit information wirelessly like contactless car keys) as they move across these digital boundaries.

The widespread use of smartphones with constructed-in GPS capabilities made it simpler for businesses and builders to implement geofencing iTagPro features in cellular apps. Simultaneously, wireless item locator the rise of location-primarily based companies and functions, resembling navigation apps, social media examine-ins and retail retailer locators, led to the incorporation of geofencing know-how to enhance person experiences. A retailer selects a geographical location round their store to set up the geofence, inputting geographical coordinates into software program to stipulate this invisible boundary. Customers should grant location access on their smartphones for the geofencing to be effective. These permissions ensure the system can accurately detect the device's location. As a buyer approaches the shop, the geofencing system displays their smartphone's location in relation to the geofenced geographical location. Crossing into this space triggers the system to recognize the customer's entry primarily based on the steady location information provided by their smartphone. This entry into the geofence prompts a predefined action, equivalent to sending a push notification to the client's smartphone.