Location-based services developer uLocate Communications announced its acquisition of the Buddy Beacon friend-finder brand from struggling MVNO Helio. Financial terms were not disclosed. Introduced by Helio in partnership with uLocate in 2006, Buddy Beacon leverages location-based technology to enable users to share their location with personal contacts via mobile device--per terms of the deal, uLocate and Helio will continue to collaborate on improving and expanding the service.
For more on the uLocate/Helio deal:
- read this release [1]
Related articles:
Alltel, uLocate [2] team for WHERE
SK Telecom gains control of Helio [3]
SK Telecom pumps another $270 million into Helio [4]
Links:
[1] http://www.fiercewireless.com/press-releases/ulocate-communications-acquires-buddy-beacon-trademark-helio
[2] http://www.fiercemobilecontent.com/story/alltel-ulocate-team-where/2007-08-21
[3] http://www.fiercewireless.com/story/sk-telecom-gains-control-helio/2007-11-12
[4] http://www.fiercemobilecontent.com/story/sk-telecom-pumps-another-270-million-helio/2007-09-24