Aloqa, a developer of software to help smartphones find location-based content, has been acquired by Motorola as Wellington Partners exits.
Aloqa, a developer of software to help smartphones find location-based content, has been acquired by Motorola, permitting an exit for venture capitalist Wellington Partners.
Financial details of the transaction were not disclosed.
Sanjeev Agrawal, chief executive of Aloqa, says Motorola chose the company’s platform as ‘a core part of its future in location technologies’, meaning that it will now be used by ‘tens of millions’ of people.
Wellington venture partner Eberhard Plattfaut comments, ‘Aloqa is a pioneer in the fast-growing market of location-based services, as it makes location content from publishers not just available, but relevant to users.’
The firm first invested in Aloqa, which has offices in California and Munich, in early 2008.