[Amsterdam, Netherlands] - 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.
“The product offerings were complementary to each other and seemed like a perfect fit. This acquisition allows us to scale faster and go after larger app publishers and reach hundreds of millions of more devices powering their location needs with our proprietary location technologies,” said Manoj Adithya, Co-Founder and Chief Executive Officer at Roam.ai
“The decision to acquire Roam.ai comes down to our missions being aligned. We share the same goals. With Roam.ai’s location technology, and our geospatial data solutions, we want to become the one-stop shop for location solutions,” said Sebastien Rigoigne, Co-Founder and Chief Executive Officer at Echo Analytics.
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.
“Bringing together Roam.ai's powerful location technology with Echo Analytics' diverse product range, our aim is to enrich our location data with better insights, journeys, and elevate the precision of location tracking. This fusion allows us to shape Roam.ai as an all in one location intelligence platform”, said Jothi Priyadharshan Ramakrishnan, Co-Founder and Chief Technology Officer at Roam.ai
“Our goal with Roam.ai is to provide a full cycle mobility knowledge platform. We want to enrich what Roam.ai provides with our data solutions, such as Places, Shapes, and Activity. For example, understanding how your customers behave differently from the general population movement is vital, and goes hand-in-hand with accurate location technology,” said Adam Ejsmont, Co-Founder and Chief Operating Officer at Echo Analytics.
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.
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And fear not, the content guy will continue writing content.
