Tech company Foursquare has acquired Unfolded, a platform for geospatial analytics.
“Welcoming Unfolded to the team makes the Foursquare platform more powerful, robust, and accessible to our clients and partners,” said Gary Little, president and CEO of Foursquare. “This acquisition accelerates us toward our ambitious goal of bringing Foursquare Everywhere, and enabling businesses to unlock the true potential of location and geospatial data and technology.”
“Bringing together Unfolded’s powerful geospatial technology and Foursquare’s comprehensive location data is a perfect mix for success,” said Sina Kashuk, co-founder and CEO of Unfolded. “The partnership will help position us as a powerhouse in the industry, as many companies tend to have one or the other, but not both. By joining forces, we can dream up entirely new integrated solutions for businesses needing good geospatial data and the analytics to make sense of it. We’re excited to be mapping this path forward in geospatial intelligence.”
The Raine Group served as financial advisor and Pillsbury Winthrop Shaw Pittman LLP acted as legal advisor to Foursquare.