Location Labs Acquires IP from Seeker Wireless

On December 20th Location Labs announced the acquisition of the intellectual property assets from Seeker Wireless, an Australian company which had focussed on mobile phone geolocation and zone detection technologies.

Seeker Wireless’ technology utilises proprietary statistical algorithms to calculate the position of mobile devices based on combinations of cellular, Wi-Fi and/or GPS radio data measured by the terminal. Seeker Wireless was founded in 2003, had raised $27 million in venture capital and its software was sold to Mobile Operators in the Middle East, Australasia, South-East Asia, Europe, and Latin America.

According to AllThingsD, the assets were sold for a figure of up to or just over $1 million.

The intellectual property of Seeker Wireless will be integrated in Safely, the division of Location Labs that provides child trackers and related parental control solutions through wireless operators. Safely is now said to hold 73 granted and pending patents.

"The PhD researchers at Seeker Wireless spent nearly a decade creating patented mobile location-based technologies," said Tasso Roumeliotis, CEO of Safely and Location Labs. "The combination of this technology with Safely services is ripe for market adoption."